PANews February 12 News, according to Cointelegraph, the American Bankers Association (ABA) has urged the Office of the Comptroller of the Currency (OCC) to slow down the approval of national trust bank licenses for crypto and stablecoin companies until the regulatory framework of the GENIUS Act is fully clarified. ABA warned that current applicants still face unresolved federal and state regulatory obligations, and that digital asset trust banks without deposit insurance pose risks such as customer asset segregation and conflicts of interest. The association also reminded that such licenses could be used to circumvent SEC or CFTC regulations. ABA called on the OCC to increase transparency regarding capital and operational standards and to prohibit non-bank entities from using the word “bank” in their names to reduce consumer confusion risks.
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