BlackRock urges the Office of the Comptroller of the Currency (OCC) to abandon the idea of a tokenized reserve cap in its comment letter.

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Golden Finance reports that on May 3rd, BlackRock submitted a comment letter to the Office of the Comptroller of the Currency (OCC), opposing several proposed reserve asset restrictions in the draft rules implementing the GENIUS Act.
The submitted document focuses on rules related to authorized payments stablecoin issuers (PPSI), entities that are federally licensed to issue stablecoins under the law signed by President Trump in July last year.
The most pointed demand is: BlackRock urges the OCC not to set quantitative limits on tokenized reserve assets, which the agency previously suggested could be as high as 20%.
BlackRock states that such restrictions are “unrelated” to the OCC’s goals and argues that risk conditions depend on credit quality, duration, and liquidity, “rather than whether assets are held or transferred on a distributed ledger.”

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