US quietly eases stablecoin reserve rules as banks warn billions could shift away from lending

T2Covered by 1 source · first reported by The Defiant / DL News / Protos / CryptoSlate at 22 Oct, 10:00 UTC

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…

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• T2US quietly eases stablecoin reserve rules as banks warn billions could shift away from lendingThe Defiant / DL News / Protos / CryptoSlate22 Oct, 10:00