ABA, associations urge OCC to broaden application process for stablecoin issuers
As it seeks to implement the Genius Act, the OCC should consider additional factors when reviewing applications from non-bank entities ...
Tag: Genius Act
Fed proposes rules for Genius Act implementation
The Federal Reserve proposed new rules to require payment stablecoin issuers under its supervision to back their stablecoins with certain ...
ABA, BPI seek regulatory consistency in proposed stablecoin reporting forms
The FDIC should finalize reporting forms for stablecoin issuers only after it finalizes the regulatory requirements for those firms, and ...
With failure on procedural motion, Clarity Act’s future is uncertain
The Senate voted 50-49 against ending debate on the Clarity Act. By failing to reach the 60-vote threshold needed for ...
ABA, banking groups warn revised Clarity Act fails to protect community banks
Proposed language in the Clarity Act giving regulators a short time frame to decide whether to close the stablecoin payment-of-interest ...
ABA, state associations offer language to strengthen Clarity Act
Nearly 80 state bankers associations joined with ABA and ICBA to press lawmakers to use the Clarity Act to close ...
Banker op-ed: Congress must get stablecoin rules right to protect Maine people and banks
If deposits begin moving from community banks into stablecoin products because those products offer yield or rewards, the lending capacity ...
Hill: FDIC on track to issue stablecoin rulemaking by year’s end
The FDIC plans to issue a final rulemaking before the end of the year to establish an application process and ...
ABA Chair: Community banks are no one’s stalking horse in the Clarity Act debate
If consumers and businesses are encouraged to move money from bank deposits into stablecoins that offer interest-like rewards, those funds ...
ABA: Proposed customer identification standards for stablecoin issuers need strengthening
A proposed rule to require payment stablecoin issuers to maintain customer identification programs must go further if it is to ...
