BlackRock Challenges OCC’s 20% Stablecoin Reserve Cap Under GENIUS Act Rules

BlackRock Urges OCC to Drop Tokenized Reserve Cap, Expand Eligible Assets in GENIUS Act Comment Letter

The asset management giant pushes back on proposed restrictions it says could hamper stablecoin reserve innovation without improving safety BlackRock, the world’s largest asset manager, has formally asked the U.S. Office of the Comptroller of the Currency (OCC) to abandon a proposed cap on tokenized reserve assets, arguing the restriction is unnecessary and could stifle one of the fastest-growing corners of the digital asset market — without mak…

BlackRock Urges OCC to Drop 20% Cap Under GENIUS Act

The post BlackRock Urges OCC to Drop 20% Cap Under GENIUS Act appeared first on Coinpedia Fintech News BlackRock has urged the Office of the Comptroller of the Currency to eliminate a proposed 20% cap on tokenized reserve assets under the GENIUS Act. In a detailed letter, the firm argued that risk depends on asset quality and liquidity—not whether reserves are on blockchain. BlackRock warned the cap could limit growth of tokenized products like …

BlackRock Urges OCC To Remove 20% Tokenized Reserve Cap

BlackRock has urged the U.S. Office of the Comptroller of the Currency to revise proposed rules under the GENIUS Act, calling for the removal of a 20% cap on tokenized reserve assets. The firm argues that broader eligibility would better support innovation, institutional adoption, and development of a blockchain-based financial infrastructure framework. The demand comes […]

BlackRock Presses OCC to Remove 20% Cap on Tokenized Reserve Assets Rule

TLDR: BlackRock urges OCC to remove the cap on tokenized reserves under the GENIUS Act stablecoin draft rules. Firm argues that tokenized asset risk depends on liquidity, credit quality, and maturity rather than blockchain format. The BUILD fund scale of $2.6B tied to stablecoin reserves could be constrained by the proposed regulatory cap limit. BlackRock seeks ETF recognition as eligible reserves, pushing parity with government money market fu…

BlackRock Urges OCC to Drop 20% Cap on Tokenized Reserves in GENIUS Rules

What Is BlackRock Asking the OCC to Change? BlackRock has urged the Office of the Comptroller of the Currency to scale back several proposed reserve asset limits in draft rules tied to the GENIUS Act, with the asset manager taking direct issue with a possible cap on tokenized reserves. The firm submitted its 17-page comment letter on Friday, the final day of the OCC’s 60-day comment window. The draft rules cover reserve composition, capital, cus…