Federal Reserve Governor Michael S. Barr highlighted challenges federal and state regulators face in implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act.
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The Office of the Comptroller of the Currency issued a final rule rescinding its recovery planning guidelines for large insured banks and savings associations.
The Congressional Research Service reviewed risks in the $2 trillion private credit market amid concerns about widespread redemption restrictions.
The Financial Crimes Enforcement Network proposed a rule to create a whistleblower program offering financial incentives and anti-retaliation protections for reporting potential AML and sanctions violations.
Treasury Secretary Scott Bessent highlighted the administration's economic agenda "designed to unlock ... “Parallel Prosperity” for Main Street and Wall Street."