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US OCC Finalizes Stablecoin Reserve and Redemption Rules; Treasury Secretary Scott Bessent Calls GENIUS Act a "Watershed Moment for American Finance"
The U.S. Office of the Comptroller of the Currency (OCC) has finalized stablecoin reserve and redemption rules. U.S. Treasury Secretary Scott Bessent likened the GENIUS Act to Lincoln-era banking reforms, calling it a "watershed moment for American finance."
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