TL;DR: The ABA, ICBA and 76 state banking associations urged Senate leaders to tighten stablecoin yield provisions in the Clarity Act. They warned Section 404 may
TL;DR: The American Bankers Association (ABA) formally requested a 60-day extension to submit comments on the GENIUS Act regulations. The petition is directed to the Treasury,
TL;DR: The American Bankers Association challenged a White House CEA report that said stablecoin yield does not harm banks and banning it would hurt consumers. The
TL;DR: Bankers are not backing down. During the American Bankers Association (ABA) summit in Washington, more than 1,400 financial leaders agreed that stablecoins are dangerous to
TL;DR ABA urged the OCC, in a comment letter, to slow crypto and stablecoin trust charter approvals until GENIUS Act rulemakings define obligations. The group flagged
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