Wild shift. Regulators used to practically threaten banks for even looking at crypto. Now the OCC is literally encouraging community banks to issue stablecoins under the GENIUS Act before January.
Their reasoning? They don't want the whole on-chain payment infrastructure dominated by crypto giants and Wall Street banks. Want community banks in the game.
The irony: those same community banking groups are still in court fighting the OCC over crypto charters.
Regulatory whiplash in real time.
Their reasoning? They don't want the whole on-chain payment infrastructure dominated by crypto giants and Wall Street banks. Want community banks in the game.
The irony: those same community banking groups are still in court fighting the OCC over crypto charters.
Regulatory whiplash in real time.
