📰 【BlackRock Urges the U.S. Office of the Comptroller of the Currency to Abandon the Idea of Setting Limits on Tokenized Reserve Assets.】

BlockBeats reports that on May 3, BlackRock submitted a comment letter to the U.S. Office of the Comptroller of the Currency, opposing a number of reserve asset limits proposed in the draft rules for implementing the GENIUS Act. This 17-page response was submitted on the last day of the OCC’s 60-day comment period. The consultation period began when the draft was published in the Federal Register on March 2. The regulator raised more than 200 questions, covering multiple areas including reserve composition, capital requirements, custody, and yield prohibitions. BlackRock’s comments mainly focused on the rules related to “permitting payment stablecoin issuers.” These institutions were established last July by Trump...

Brothers, BlackRock, that old fox, is starting to look out for us retail investors again! It’s directly taking on the OCC, opposing limits being set on tokenized reserve assets. Put simply, those bigwigs on Wall Street want to stuff more into stablecoins, and they don’t want regulators to put the brakes on them. This is good news for retail investors—more liquidity means a more active market. But remember: big institutions are the ones eating the meat; we just get to drink the soup. Don’t be foolish and go all-in. Once this signal comes out, it shows the push toward compliance is speeding up, but don’t rush—Soro is watching the market. If there’s a real opportunity, he’ll call you. 👇👇👇👇👇