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🇺🇸 BlackRock urges the OCC not to impose a limit on tokenized reserves in the implementation rules of the GENIUS Act.
The company believes that risk is determined by the quality of assets, maturity, and liquidity, not whether they are used on the blockchain.
The restriction could affect the BUIDL fund (~$2.6 billion), which provides over 90% of the reserves #USDtb (Ethena) and #JupUSD (Jupiter).