Treasury Secretary Bessent Compares GENIUS Act to Lincoln-Era Reform

Bessent Compares GENIUS Act to Lincoln-Era Banking Reform

The OCC rule covers reserves, redemptions and related services. U.S. payment stablecoin issuers generally will need approval starting Jan. 18, 2027.

Treasury Secretary Bessent invokes Lincoln's 1863 act to back Trump's law

The Entire Business World on a Single Page with the Web's Most Comprehensive One-Stop Finance News Hub.

Treasury Secretary Scott Bessent Announces Final Rule for Trump’s Important Crypto Legislation – Compares It to President Lincoln’s National Currency Act of 1863 - Politics, Policy, Political Views

Treasury Secretary Scott Bessent, White House Press Briefing, 2026 The United States has officially entered what is being described as a “watershed moment in American finance” that helps cement America as the crypto capital of the world and is also being compared to President Abraham Lincoln’s National Currency Act of 1863. On Wednesday, Treasury Secretary

Treasury Secretary Bessent Compares GENIUS Act to Lincoln-Era Reform

U.S. Treasury Secretary Scott Bessent on Wednesday compared the Trump administration’s stablecoin legislation to historic banking reforms, arguing that the rules now taking shape could help define how payment stablecoins operate in the United States. In a post on X, Bessent praised the Office of the Comptroller of the Currency’s (OCC) final rule implementing the GENIUS Act, calling it a “watershed moment in American finance.” He likened the move…