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 [...]

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