ABA Says OCC Stablecoin Yield Rule Undermines Congress Intent
ABA says the OCC final GENIUS Act rule undermines Congress intent. The rule removed a proposed presumption that certain third party yield arrangements violate the stablecoin payout ban. ABA warns issuers could still offer equivalent benefits and weaken the line between stablecoins and bank deposits. The OCC finalized the rule before the GENIUS Act takes effect in January 2027.
