ABA Bankers Slam OCC's Final GENIUS Act Rule
- —OCC removed proposed limits on stablecoin yield from the final rule
- —ABA says the rule preserves the status quo for crypto platforms
- —ABA CEO: the decision addresses issues only after they arise
Why it matters: The OCC rule sets the framework for stablecoin issuance in the US, and pushback from the banking lobby could shape further revisions.
Source: Coinfomania