American Bankers Association Claims OCC’s GENIUS Rules ‘undermine’ US Congress
Key Highlights The Office of the Comptroller of the Currency (OCC) finalized rules concerning stablecoins ahead of the $GENIUS Act’s scheduled implementation in January 2027. Banking trade groups, including the American Bankers Association (ABA) and the Bank Policy Institute, warned that the omission of yield presumptions could cause deposit flight away from traditional lenders. Crypto ...