Headline: BlackRock vs. The OCC: The Fight for Tokenized Dominance 🏦🚀
BlackRock is turning up the heat on regulators! The world’s largest asset manager just submitted a 17-page letter to the OCC, urging them to scrap the proposed 20% cap on tokenized reserve assets under the GENIUS Act.
Why this matters:
BUIDL under threat: BlackRock’s BUIDL fund (nearly $2.6B AUM) already backs 90% of assets like $USDtb and $JupUSD. A 20% cap would kill its scaling potential.
Tech vs. Risk: BlackRock argues that risk is about liquidity and credit quality, not whether an asset is on a blockchain.
The Big Ask: They want Treasury ETFs and floating-rate notes explicitly recognized as eligible reserves.
Tokenization is the future of the financial system. Will regulators listen, or will they stifle innovation?
#BlackRockUrgesOCCToDropTokenizedReserveCapIdea #RWA #Tokenization #CryptoNews #GENIUSAct #BUIDL
BlackRock to Regulators: STOP THE CAP! 🛑⛓️
The GENIUS Act is here, but the OCC wants to limit tokenized reserves to just 20%. BlackRock says NO WAY. 📉
🔥 The Breakdown:
Institutional giants are tired of "arbitrary" limits. They want the freedom to scale tokenized Treasuries like BUIDL without being held back by outdated rules.
If BlackRock wins this fight, we could see a massive flood of institutional liquidity moving into the RWA (Real World Asset) space. 🌊
Is this the green light for the next RWA bull run? 👇
Let me know your thoughts in the comments!
#BlackRockUrgesOCCToDropTokenizedReserveCapIdea #Crypto #Bitcoin #Stablecoins #RWA
#BlackRock BREAKING: BlackRock challenges OCC’s 20% Reserve Cap! 🚨
BlackRock is officially pushing back against the OCC’s draft rules for the GENIUS Act. They are calling for the removal of the 20% limit on tokenized assets, labeling it "extraneous."
With billions already sitting in tokenized funds, BlackRock is fighting to ensure the infrastructure for the next generation of stablecoins isn't restricted by arbitrary thresholds.
Real-world assets are coming to the blockchain, and the biggest players in the world are leading the charge. 💼💎
#BlackRockUrgesOCCToDropTokenizedReserveCapIdea
#InstitutionalCrypto #Finance #Blockchain