DRW chief slams ‘ridiculous’ OCC stablecoin rule
Isda AGM: Wilson warns week-long redemption freeze would deter use of Genius Act coins as cash leg of tokenised repo
A proposed US federal rule on dollar-backed stablecoins could make it impossible to use Genius Act-compliant coins as the cash leg of tokenised repo trades, DRW chief executive Don Wilson has warned.
The Office of the Comptroller of the Currency rule, published on March 2 as part of the implementation of the Genius Act, would set a standard two-business-day redemption window for permitted payment
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