OCC Looks to Tamp Down Crypto Uproar Over Stablecoin Proposal
Also, banking agency general counsels offer insights and trade barbs; Selig promises to overhaul swaps rules
When the OCC issued its eagerly-anticipated plan for regulating stablecoins late last month, it caused a tempest in the digital asset industry – especially on crypto Twitter. The ire, no surprise, focused on the raging debate over interest payments on the tokens. “JUST IN: The U.S. OCC proposed rules to restrict branded stablecoins and ban yield reward…