American Bankers Association: OCC’s GENIUS rules ‘undermine’ US Congress
Summary
The American Bankers Association has criticized the Office of the Comptroller of the Currency over its finalized stablecoin regulations. Banking advocacy groups argue that the updated rules regarding yield provisions conflict with the authority of the United States Congress.
Banking advocacy organizations are pushing back against the OCC’s finalized rules on a stablecoin law, arguing against changes to provisions on yield.
Source: Read the full story at Cointelegraph.com News
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