Policy
BlackRock Filed a 17-Page Letter Telling the OCC Its 20 Per Cent Cap on Tokenised Reserves Would Cripple BUIDL
BlackRock used the last day of the OCC's GENIUS Act comment window to demand the regulator scrap a proposed limit on how much of a stablecoin's reserves can be held in tokenised form. BUIDL backs more than 90 per cent of two of the largest crypto-native dollar tokens.
·Ray Crawford