The American Bankers Association expresses dissatisfaction with the OCC's final GENIUS Act rules, which abandon proposed restrictions on stablecoin yields.

Crypto journalist Eleanor Terrett reported that the American Bankers Association (ABA) expressed dissatisfaction with the Office of the Comptroller of the Currency’s (OCC) final rules implementing the GENIUS Act. The OCC dropped its previously proposed limits on stablecoin yields, a move the ABA argued would "maintain the status quo for crypto platforms."

The CEO of the ABA stated, "It is misguided to attempt to address these issues only after deposit outflows and economic damage have already occurred."