BlackRock Backs GENIUS Act Stablecoin Framework, Pushes 7 Recommendations
BlackRock has filed a comment letter with the U.S. Office of the Comptroller of the Currency, backing the agency’s proposed regulatory framework for payment stablecoin issuers under the GENIUS Act. The world’s largest asset manager submitted seven recommendations, urging the OCC to permit broader reserve eligibility and adopt flexible compliance rules. BlackRock said the GENIUS...
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