OCC Proposes Stablecoin Rule Under GENIUS Act, SEC Advances IPO Reform Agenda, and Senate Bill Seeks Expanded CFTC Funding

Federal financial regulators and lawmakers continued advancing digital asset and capital markets policy this week. The Office of the Comptroller of the Currency (OCC) released a proposed rule to implement the GENIUS Act, outlining, in sum, application, supervisory, capital, liquidity and risk management standards for permitted payment stablecoin issuers.... By: Paul Hastings LLP