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 ...
Tag: Genius Act
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 ...
ABA: Fed decision grants crypto firm payment account creates risks for consumers
Kraken Financial has been granted a one-year, limited-purpose master account by the Kansas City Fed, the first crypto firm to ...
OCC releases proposed rule to implement payment stablecoin legislation
The OCC released a proposed rule to implement the Genius Act, including how it would handle the law’s prohibition on ...
FinCEN seeking nominations for Bank Secrecy Act advisory group
Treasury Department is "particularly interested" in nominations from community banks, and nominees who can offer insights on modernizing the BSA ...
Are payment stablecoins too risky to be used for payments?
Payment stablecoins are intended to be a payment method, but when used as a store of value, their supposed one-to-one ...
Podcast: The real difference between stablecoins and tokenized deposits
Tokenized deposits are often spoken of alongside stablecoins, but the digital asset types have significantly different features and designs.
