US Bankers association push for 60 day pause to stop stablecoin rules going live
CryptoSlate
Major US banking groups are seeking a 60-day delay in federal stablecoin regulations to protect traditional deposit-based lending models from digital competition.Summary
The American Bankers Association and other trade groups are pressuring federal regulators to postpone public comment deadlines for the GENIUS Act by 60 days. By tethering these deadlines to the OCC’s finalized regulatory framework, banks aim to slow the adoption of nonbank stablecoin infrastructure. Simultaneously, the industry is lobbying against stablecoin yield provisions in the CLARITY Act, arguing that interest-bearing digital assets threaten the deposit-funded lending models essential to the US credit system.
(Source：CryptoSlate)