ABA to Senate Banking: Refine Clarity Act’s stablecoin yield language
ABA and a coalition of financial trade associations asked the Senate Banking Committee to refine the proposed payment stablecoin yield ...
Tag: Genius Act
ABA to Treasury: Extend comment deadline on Genius Act proposal for state regs
The associations also requested that Treasury clarify it will not penalize state regulators for filing an initial certification later than ...
Report: Senators reach deal on stablecoin yield
ABA and other banking trade groups characterized the deal as a step in the right direction but stressed that it ...
ABA, state bankers associations urge OCC to close yield loopholes in stablecoin rule
ABA and 52 state bankers associations submitted a comment letter to the OCC urging the agency to strengthen its proposed ...
Banking groups seek more time for public input on Genius Act implementation
ABA joined three banking sector associations in requesting that the Treasury Department and FDIC tie the public comment period for ...
ABA recommends credit union regulator pause stablecoin rulemaking
The National Credit Union Administration should pause setting up a process through which credit unions can seek approval to issue ...
White House report downplays risk to banks from stablecoin interest payments
A prohibition on paying interest or yield on payment stablecoins would do “very little” to protect bank lending “while forgoing ...
Agencies propose anti-money laundering, sanctions requirements for stablecoin issuers
The Financial Crimes Enforcement Network and Office of Foreign Asset Control jointly proposed a new rule to establish BSA and ...
FDIC proposes rulemaking to implement Genius Act
The FDIC board advanced proposed rulemaking to implement certain provisions of the Genius Act, including requirements for reserve assets, risk ...
Proposed rule would give states ‘wide latitude’ to set stablecoin regulation
The Treasury Department proposed a new rule to establish what factors it will consider when stablecoin issuers request to be ...
