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BlackRock challenges OCC’s 20% reserve cap for stablecoin issuers under GENIUS Act


by Nellius Irene
for CryptoPolitan
BlackRock challenges OCC’s 20% reserve cap for stablecoin issuers under GENIUS Act

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AI Overview

BlackRock asked the OCC to reconsider the proposed 20% cap on tokenized reserves, pushing back on a regulatory limit that would constrain how much banks and institutions can hold in tokenized assets. If the cap is relaxed, it would lower regulatory barriers to institutional crypto adoption, boost custody demand, tokenization and DeFi/CEX integration, and support tokenized asset growth and fundraising; the OCC decision is a key regulatory risk.

Bullish
BlackRock asks the OCC to reconsider the proposed the 20% cap on tokenized reserves.
Read the article at CryptoPolitan

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In This News

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