Stablecoin Yield Rule Revives Crypto vs. Banking Industry Fight

Stablecoin yield rule revives crypto vs. banking industry fight

Banking industry representatives came out firing Wednesday after regulators finalized a rule settling the debate over a legal loophole created by Congress in favor of cryptocurrency exchanges’ ability to pay interest on account owners’ stablecoin holdings in certain instances. Last year’s law known as the “GENIUS Act” created a regulatory framework for stablecoins — digital […]

Banking Groups Push Back on OCC’s Finalized GENIUS Rules on Stablecoin Yield

Two organizations weighed in on the OCC’s recently finalized GENIUS Act rules, arguing against the removal of provisions on stablecoin yield based on arrangements with third parties.

OCC finalizes GENIUS Act stablecoin rule as banks fight a rewards loophole

Coinbase no longer issues USDC and PayPal's PYUSD runs through Paxos, letting both keep paying holder rewards under the OCC's case-by-case review. Banks, backed by the American Bankers Association and 52 state groups, warn the gap drains deposits they lend against.

OCC Faces Banking Backlash Over $850 Billion Stablecoin Threat

America’s banking lobby is firing back at federal regulators over a stablecoin rule that could reshape how crypto platforms reward customers. With community bankers warning of an $850 billion lending hit, two powerful banking groups are challenging Washington’s approach to digital dollars. Banking Groups Challenge OCC Over Stablecoin Yield Loopholes The American Bankers Association (ABA) […]

The Unified Banking Front: BPI and TCH Pushing for Regulatory Moats in OCC Stablecoin Rules

On July 24, 2026, the Bank Policy Institute (BPI) and The Clearing House (TCH) delivered their formal responses to the OCC regarding the June 2026 proposal on payment stablecoin requirements. BPI’s own announcement frames the pair as a call for coordination and support for the OCC’s supervision standards. The underlying strategy is far more calculated. […]