Nichols: Bankers seeking surgical changes to Clarity Act to protect local lending
Small, targeted changes to market structure legislation for digital assets are all that are needed to ensure the crypto industry ...
Tag: Genius Act
Bankers: Local lending at risk if stablecoin payment of interest loophole isn’t closed
Warning of the potential fallout for banks and the communities they serve, bank leaders from across the U.S. are urging ...
ABA, associations ask agencies to commit to reproposing conflicting Genius Act rules
As the various federal banking agencies race to establish separate regulations for stablecoin issuers, they should be open to reproposing ...
ABA, associations: Updated crypto market structure bill still puts local lending at risk
The latest version of a proposed market structure bill for digital assets still puts at risk the local lending that ...
Nichols: ABA seeks ‘surgical’ changes to crypto market structure bill
ABA isn’t opposed to market structure legislation for digital assets but is seeking “tiny, surgical” changes to ensure the Genius ...
ABA, associations seek agency alignment on Genius Act implementation
The National Credit Union Administration should coordinate with the banking agencies to ensure that Genius Act implementation is substantially similar ...
OCC proposes Bank Secrecy Act, sanctions requirements for stablecoin issuers
OCC proposed regulations to implement Bank Secrecy Act and sanctions requirements for payment stablecoin issuers. The rulemaking was issued in ...
FinCEN, banking agencies propose customer ID requirements for stablecoin issuers
FinCEN and the federal banking agencies released a proposed joint rule to establish customer identification program requirements for payment stablecoin ...
ABA urges OCC to coordinate with other regulators on stablecoin
The OCC needs to coordinate with other federal agencies to ensure that all stablecoin issuers are subject to the same ...
OCC publishes draft reporting forms for stablecoin issuers
The OCC has released for public review draft forms that will be used to collect information from payment stablecoin issuers ...
