Stablecoin Yield Restrictions Removed, ABA Says OCC Final Rule Maintains Status Quo for Crypto Platforms

Odaily Report: A Fox Business crypto reporter posted on X that the American Bankers Association (ABA) has expressed dissatisfaction with the U.S. Office of the Comptroller of the Currency (OCC)'s final rule on the GENIUS Act, saying the rule "maintains the status quo for crypto platforms." Previously, the OCC removed proposed restrictions on stablecoin yields. ABA CEO @BankersPrez said, "Trying to respond after deposit flight and economic damage have already occurred is the wrong approach."