Crypto news, Blackstone Group is urging the Office of the Comptroller of the Currency (OCC) to remove the 20% cap on tokenized reserve assets under the "Genius Act" rules. The asset management firm stated that reserve risk should be assessed based on credit quality, liquidity, and maturity, rather than whether the assets are on the blockchain. Additionally, Blackstone also hopes that Treasury bond ETFs and other Treasury-based products can be considered qualified assets.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin