Weekly Washington Policy Pulse: Stablecoin Proposal, Reconciliation (June 8, 2026)
A review of market participant comments towards the Office of the Comptroller of the Currency's proposal on stablecoins led Bloomberg Intelligence's June 8 Washington Policy Pulse. Companies like Coinbase pushed the OCC to back off the idea of applying "bank-like" rules to non-banks while trade associations representing banks like Bank of America and Citigroup pushed for further restrictions on reward programs. We also discussed testimony from the House Financial Services Committee and how it impacts regional banks like PNC Financial and US Bancorp. Finally, we discussed the most recent…
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