US quietly eases stablecoin reserve rules as banks warn billions could shift away from lending
Treasury Secretary Scott Bessent compared the GENIUS Act to the National Currency Act of 1863 on Oct. 21, the day the Office of the Comptroller of the Currency (OCC) released its 721-page stablecoin final rule. He called the law a cornerstone of America's position as the world's crypto capital. The American Bankers Association (ABA) responded… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Treasury Secretary Scott Bessent compared the GENIUS Act to the National Currency Act of 1863 on Oct.
- 21, the day the Office of the Comptroller of the Currency (OCC) released its 721-page stablecoin final rule.
- He called the law a cornerstone of America's position as the world's crypto capital.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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