The American Bankers Association (ABA), the largest banking lobby in the country, has formally urged the Office of the Comptroller of the Currency (OCC) to slow down or pause the approval of national trust bank charters for crypto and stablecoin companies.

The U.S. National Credit Union Administration (NCUA) has issued its first proposed rules under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, outlining a federal licensing pathway for payment stablecoin issuers affiliated with federally insured credit unions.

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