OCC’s New Stablecoin Rules: A Yoke or a Lifesaver?
Behold, the Office of the Comptroller of the Currency (OCC), that steadfast sentinel of financial order, now solicits public comment on its latest endeavor: a rulebook for payment stablecoins, all in the name of “safety” and “reliability.” The proposed framework, under the GENIUS Act, seeks to enshrine the rights of “permitted” and “qualified foreign” issuers, as if the U.S. market were a royal court and stablecoins a noble class.


