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US OCC Proposes Rule to Implement GENIUS Act & Prohibits Stablecoin Yield

The U.S. Office of the Comptroller of the Currency (OCC) releases a proposed rulemaking and seeks public comments to implement the GENIUS Act. This marks a major step towards establishing the first regulatory framework for payment stablecoins. US OCC Issues Proposed Rulemaking for Implementing GENIUS Act The OCC issued a notice of proposed rulemaking to

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