ABA: OCC GENIUS Act Rule Preserves Crypto Status Quo
Eleanor Terrett reports that ABA Bankers criticizes the USOCC final GENIUS Act rule for dropping proposed stablecoin yield restrictions and preserving the status quo for crypto platforms.
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ABA Bankers slammed the USOCC final GENIUS Act rule for dropping proposed restrictions on stablecoin yield, saying the move “will preserve the status quo for crypto platforms,” according to @EleanorTerrett. ABA CEO @BankersPrez added that addressing deposit flight and economic harm after it occurs is the wrong approach.
Eleanor Terrett
@EleanorTerrettBritish-born Fox Business journalist and producer, JMU graduate breaking news with a global perspective.