GENIUS Act Framework: Circle Backs OCC’s Stablecoin Licensing Proposal

TLDR: Circle submitted comments to the OCC backing its proposed rule implementing the landmark GENIUS Act stablecoin framework. The company called for uniform prudential standards across all issuers, whether bank or nonbank, state, federal, or foreign. Circle drew a clear distinction between payment stablecoins and tokenized deposits, urging separate regulatory treatment for each. Consumer redemption [...]

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