The Office of the Comptroller of the Currency published its proposed rulemaking to regulate stablecoins under the GENIUS Act, sparking questions about whether it was banning yield payouts from crypto companies.
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The narrative
The Office of the Comptroller of the Currency (OCC), a federal banking regulator, published a notice of proposed rulemaking pursuant to the GENIUS Act explaining how it might oversee stablecoins. Most of it appears straightforward, but the portion addressing yield seems ambiguous, and possibly even controversial.
Why it matters
The OCC published its first take at…
