📰 【BlackRock urges the U.S. Office of the Comptroller of the Currency to abandon plans to set limits on tokenized reserve assets.】

BlockBeats reports that on May 3rd, BlackRock submitted a comment letter to the OCC opposing several reserve asset restrictions proposed in the draft rules implementing the GENIUS Act. This 17-page response was submitted on the last day of the OCC’s 60-day public comment period, which began when the draft was published in the Federal Register on March 2nd. The regulator posed over 200 questions covering reserve composition, capital requirements, custody, and yield bans. BlackRock’s comments mainly focus on rules related to “permitted payment stablecoin issuers.” These institutions were...

Brothers, BlackRock, that old fox, is starting to think about retail investors again! It’s challenging the OCC, opposing limits on tokenized reserve assets. Basically, Wall Street bigwigs want to stuff more into stablecoins and don’t want regulation to block them. This is good for us retail investors—more liquidity means a more active market. But remember, big institutions are the ones eating the meat; we just drink the soup. Don’t be foolish and go all-in. This signal indicates that the compliance process is speeding up, but don’t rush—Soro is watching the market, and if there’s a real opportunity, he’ll call you. 👇👇👇👇👇