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October 21, 2026 4:51 pm
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The American Bankers Association expressed dissatisfaction after the Office of the Comptroller of the Currency finalized rules to implement the stablecoin-focused GENIUS Act, with ABA President Rob Nichols arguing the measure amounts to maintaining the status quo for crypto platforms, according to Eleanor Terrett, host of the podcast ‘Crypto in America.’ Nichols added that waiting to respond until deposit outflows and economic damage occur is the wrong approach.