BlackRock submits a comment letter to the U.S. Office of the Comptroller of the Currency opposing a 20% cap on tokenized reserve funds

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Mars Finance News, according to The Block, BlackRock has submitted a comment letter to the U.S. Office of the Comptroller of the Currency (OCC), opposing several reserve asset restrictions proposed in the draft implementation rules of the GENIUS Act. BlackRock opposes setting the cap for tokenized reserve assets at 20%, as this restriction would limit the development of products like its BUIDL Fund. The BUIDL Fund supports over 90% of the shares in Ethena’s USDtb and Jupiter’s JupUSD. BlackRock also requests the OCC to confirm whether Treasury bond ETFs qualify as reserve assets and to include two-year floating rate Treasury bonds in the list of eligible assets.

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