BlackRock Opposes OCC's Proposed Tokenized Reserve Cap
BlackRock submitted a comment letter opposing the Office of the Comptroller of the Currency’s (OCC) proposed cap on tokenized reserve assets under the GENIUS Act. The firm argues that limiting such reserves to 20% is unnecessary and hinders growth for its BUIDL fund, which holds $2.6 billion in assets.
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Topics: blockchain GENIUS Act OCC stablecoins tokenization