BUSINESSMay 2 · 22:19 UTCTHE BLOCKZack Abrams

BlackRock urges OCC to drop tokenized reserve cap idea, expand eligible assets in GENIUS Act comment letter

BlackRock, the world's largest asset manager, urged the Office of the Comptroller of the Currency (OCC) to eliminate a proposed 20% cap on tokenized reserve assets in the GENIUS Act. The cap, if implemented, would restrict products like BlackRock's BUIDL tokenized reserve fund.

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Mentioned

BlackRockorganizationOffice of the Comptroller of the CurrencyorganizationGENIUS Acttopictokenized reserve assetstopicBUIDL fundorganization

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