CryptoBullishThe Block · 3h ago7/10
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BlackRock urges OCC to drop tokenized reserve cap idea, expand eligible assets in GENIUS Act comment letter
BlackRock has submitted a comment letter to the Office of the Comptroller of the Currency (OCC) opposing a proposed 20% cap on tokenized reserve assets under the GENIUS Act, arguing the restriction would limit innovation in blockchain-based financial products like its BUIDL fund. The asset manager is advocating for expanded eligible assets to support broader tokenization initiatives.
