Bank Policy Institute renewed its call for the Office of the Comptroller of the Currency to clarify how its final stablecoin rule treats third-party rewards, citing unclear case-by-case decisions. #Update #Regulation
A new GENIUS Act guide says stablecoin issuers and distributors face different requirements. Businesses should map fund flows, review counterparties and assign compliance duties. #Update #Stablecoins @MDHesq
The Blockchain Association urges the US Treasury to clarify proposed GENIUS Act rules so DeFi software, validators and foreign stablecoin services are not wrongly held liable. #Update #Regulation
The Federal Reserve proposes new rules for stablecoin issuers, requiring full reserve backing and standardized capital requirements under the GENIUS Act. Public comments open for 60 days. #Update #Regulation
The Federal Reserve proposes stablecoin issuers maintain $1 in reserve for each $1 issued, with redemption rights and AML scrutiny, under the GENIUS Act. #Update #Crypto
Chainalysis reports $9.4 trillion in onchain activity by June 2026; Brazil leads with a $252.5 billion crypto economy, surpassing the U.S. #Update #Crypto
Fidelity launches FYMXX, a government money market fund for stablecoin issuers, targeting the $315B market with a 0.25% fee. @Fidelity joins State Street and Blackrock. #Update #Crypto
SBI Shinsei Bank’s pilot allows deposit interest conversion into crypto rewards, including $XRP, integrating digital assets into traditional banking. Launch on June 10. Crypto $XRP
The Hyperliquid Policy Center and Paradigm urge US Treasury to refine stablecoin compliance rules, warning of potential overreach affecting developers and validators. #Update #Legal
@Tether’s US Treasury exposure exceeds $141 billion, making it the largest non-sovereign holder of US debt, raising concerns about stablecoin risks in mainstream finance. #Update #Crypto $USDT
Coinbase invests in Proshares’ GENIUS Money Market ETF, enhancing stablecoin reserve management amid new GENIUS Act standards for liquidity and transparency. #Update #Crypto
Circle supports OCC’s GENIUS Act proposal for national stablecoin licensing, emphasizing uniform standards to reduce arbitrage and enhance trust in digital dollars. #Update #Crypto $USDC
White House report finds stablecoin yield ban minimally impacts bank lending, with only 0.02% increase; most reserves recirculate in banks, challenging deposit outflow concerns. #Update #Crypto
JPMorgan CEO Jamie Dimon emphasizes the need for the bank to develop its own blockchain technology to address emerging threats from cryptocurrencies. #Update #Blockchain
