Search results for American Bankers Association
Crypto
U.S. banks face May 1 deadline to comment on OCC stablecoin rules
U.S. banks have until May 1 to submit views on the Office of the Comptroller of the Currency’s proposed rules tied to the GENIUS bill. The draft lays out reserve standards, custody rules, capital requirements and supervisory authority, and would require federal approval for issuers with more than $10 billion in stablecoins outstanding. Smaller issuers could operate under state frameworks certified by the Treasury, the Federal Reserve and the FDIC.
Crypto
U.S. banking industry asks to delay comment period for follow-up rules under \'GENIUS Act\'
The U.S. banking industry has asked regulators to delay the public comment period for three follow-up rules under the stablecoin regulation known as the \'GENIUS Act\'. CoinDesk reported that U.S. banking groups sent a letter this week to the Treasury Department and the Federal Deposit Insurance Corp, seeking at least 60 additional days for comment after rules tied to the Office of the Comptroller of the Currency are completed.
Crypto
U.S. banking lobby seeks delay to GENIUS Act rollout amid stablecoin rulemaking hurdles
The American Bankers Association is seeking more time to submit comments as U.S. agencies draft rules to implement the GENIUS Act, a stablecoin bill. It asked the Treasury Department, the FDIC, FinCEN and OFAC to extend deadlines and to allow 60 more days after the OCC issues final rules. The law takes effect 120 days after final rules or 18 months after enactment, whichever is earlier.
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Crypto
U.S. banks-White House clash intensifies as stablecoin interest compromise becomes flashpoint
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Crypto
U.S. banking group rebuts White House report, warns interest-bearing stablecoins could pull deposits
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Crypto
US CLARITY Act nears turning point as Trump adviser says most key issues settled
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Crypto
FDIC chair says stablecoin deposits not eligible for insurance even under GENIUS Act
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Crypto
U.S. senator says CLARITY bill will make everyone a bit uncomfortable, compromise unavoidable
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Crypto
Stripe subsidiary Bridge wins conditional bank charter from U.S. OCC
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Crypto
ABA urges OCC to address risks before granting bank charters to crypto firms
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Crypto
Crypto industry and banks clash over Fed\'s \'skinny master account\' plan
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Crypto
Nomura-backed Laser Digital applies for U.S. trust bank charter
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Crypto
ABA makes ban on interest-bearing stablecoins top 2026 policy priority
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Crypto
U.S. community banks join campaign to block stablecoin interest payments