US quietly eases stablecoin reserve rules as banks warn billions could shift away from lending
Treasury Secretary Scott Bessent in contrast the GENIUS Act to the National Currency Act of 1863 on Oct. 21, the day the Office of the Comptroller of the Currency (OCC) launched its 721-page stablecoin ultimate rule. He known as the legislation a cornerstone of America’s place as the world’s crypto capital. The American Bankers Association (ABA) responded…
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