Coin World News reports that Blackstone Group has submitted a detailed 17-page formal response to the U.S. Office of the Comptroller of the Currency (OCC), requesting the regulator to remove the 20% cap on tokenized reserves. Blackstone argues that the risk of reserve assets should depend on asset quality and liquidity rather than whether the assets are tokenized within a blockchain system. The request is made under the “Genius Act,” which aims to regulate the stablecoin industry in the United States. Blackstone’s tokenized government bond fund BUIDL currently holds approximately $2.6 billion in assets, supporting stablecoins such as USDTB. Blackstone said that if the 20% cap is implemented, it would limit the use of tokenized assets in reserves and slow their growth. Experts predict that the market for tokenized real-world assets could grow to $160 trillion by 2030, but strict rules may slow this growth.