Tag: genius-act
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The OCC’s final stablecoin rule drops its presumption against third-party rewards, and leaves them to case-by-case enforcement
The rule takes effect on 18 January 2027, but whether yield passed through a partner counts as evasion is still undecided.
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Morgan Stanley now expects to support tokenised stocks in the first quarter of 2027, later than it said in March
The bank’s digital asset chief blames missing products rather than missing clients, and the rules are not finished either.
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The Fed has written its stablecoin rules, two months after the law said they were due
The central bank wants reserves as safe as cash, and one of its own governors thinks its money laundering bar is set too high.
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Washington is weighing joint ventures to sell dollar stablecoins to the rest of the world
The plan would put the US government alongside private issuers in exporting the dollar, and nobody has said which issuers.
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Twenty-one banks are forming one company to issue a dollar stablecoin
The group has a currency, a market and a compliance plan, and everything else, including the company itself, is still subject to formation and…