OCC’s Gould defends charter approvals for crypto activity
Noting more than half of recent bank charter applications received by his agency involve digital assets, Comptroller of the Currency ...
Tag: Stablecoin
Treasury proposes rulemaking for licensing payment stablecoin issuers
The Treasury Department released proposed rulemaking to require digital asset providers to obtain a federal or state license before issuing ...
ABA cautions against allowing state regulation that could expand stablecoin issuer activities
As it seeks to implement the Genius Act, the Treasury Department should not allow states to greatly expand the scope ...
ABA, BPI urge OCC to delay action on proposed stablecoin reporting forms
The OCC should propose new reporting forms for stablecoin issuers only after it has finalized regulatory requirements for those companies, ...
ABA Viewpoint: The Genius Act rules are (almost) here. Here’s what banks should do
The real work for most banks isn't deciding whether or not to become an issuer. It's building the strategy that comes after ...
Senate adjourns with no vote on Clarity Act
The Senate adjourned without holding a final vote on the Clarity Act, punting further action on the bill until at ...
ABA: More work needed to harmonize BSA/sanctions requirements for stablecoin issuers
ABA supports requiring stablecoin issuers to comply with the Bank Secrecy Act and sanctions requirements, but proposed rulemaking to establish ...
ABA, associations: Stablecoin review committee must establish formal procedures
A new committee to review state-level regulatory frameworks for stablecoins must adopt strong, transparent rules before it starts making decisions ...
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 ...
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 ...
