The OCC has finalized rules for stablecoin reserves and redemptions, with Bessent calling the GENIUS Act a “watershed moment for American finance.”
This is the summary Cointelegraph publishes in its feed. The full article lives on their site.
The fight between banks and crypto has reignited after a top banking regulator declined to weigh in on third-party stablecoin rewards.
The foundation called for regulation based on financial risks rather than technology, warning that overlapping rules could create uncertainty for crypto businesses across the EU.
The UK Financial Conduct Authority consultations came just weeks after the agency opened applications for companies under its new crypto regulatory regime.
Redemption requires an eligible, verified Backpack account, and transfers from Backpack to another brokerage are not yet supported.
Musk said both boards formed committees to weigh a tie-up that would combine Tesla’s 11,509 BTC and SpaceX’s 18,712 BTC—roughly $2.5 billion worth—onto a single balance sheet.
Six major blockchain organizations urged the SEC to formally recognize digital commodities as non-securities in its proposed regulatory framework.
