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OCC proposal seeks to settle stablecoin yield debate, clearing way for CLARITY
📰 sources⭐ 9.0
TL;DR:
The OCC’s proposal to implement the GENIUS Act would bar yield on payment stablecoins and introduce a rebuttable presumption against common issuer–affiliate reward structures.
Key Points:
Background:
Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.
Why It Matters:
This development contributes to the ongoing evolution of the cryptocurrency ecosystem and may influence market trends.