Treasury briefly extends Genius Act ANPRM comment period
The change gives the industry a total of 46 days from the original date of publication in the Federal Register ...
Tag: Cryptocurrency
Gould touts OCC debanking moves, reassures on stablecoin
Comptroller of the Currency Jonathan Gould emphasized the Trump administration’s recent “clarifications and changes to our existing policies” addressing charges ...
OCC signals openness for de novo bank formation, mergers, stablecoin issuers
The OCC announced it has elevated its chartering and licensing function to signal support for the creation of new banks ...
Treasury Department seeks feedback on stablecoins, illicit activities
The Treasury Department issued a request for comment on stablecoin implementation, particularly on tools or strategies that financial institutions can ...
Fed to end separate supervision program for crypto, fintech activities
The Federal Reserve will sunset a program started in 2023 to supervise bank activities related to cryptocurrencies and financial technology ...
ABA, associations: Fintech groups misrepresent permissioned data sharing
Banks don’t charge consumers fees to access their data, and because of banks’ innovation and investments in secure systems, consumers ...
ABA, state bankers associations seek to close loopholes in stablecoin law
ABA and 52 state bankers associations yesterday urged lawmakers to use upcoming market structure legislation to close several legal loopholes ...
Labor Department rescinds guidance on alternative assets in 401(k) plans
The Labor Department rescinded a 2021 supplemental statement that discouraged fiduciaries from considering alternative assets in 401(k) retirement plan investment ...
ABA, associations: Close payment of interest loophole for stablecoins
ABA joined four associations in urging lawmakers to close a legal loophole that may allow for the payment of interest ...
Trump directs banking agencies to investigate, fix rules that contribute to debanking
Executive order directs federal agencies to investigate whether financial institutions denied services to customers because of their political beliefs or ...
