The Lobbying Battle Over Stablecoins Moves to the Regulators

Also, institutional investors blast SEC's push to limit securities class actions; Fed finalizes changes to big bank ratings system; chaos at CFPB includes laptop storage

With the GENIUS Act in the books, the battle over U.S. stablecoin policy has landed at the Treasury Department where banks and crypto companies are squaring off over how rules should be written. In some ways, the regulatory lobbying is likely to be more consequential than the effort to pass the law itself, as officials hammer out the details of how the …