ABA Accuses OCC of Undermining Congress on Stablecoin Rewards Rule

The ABA's accusation turns a technical rulemaking gap into a jurisdictional fight, signaling that banks see the OCC's silence on third-party rewards as a de facto concession to crypto distribution models. This matters most for banks weighing whether to partner with stablecoin issuers and for the nonbank platforms that would sit between them. The OCC's final rule is now the pressure point, and whether the agency clarifies third-party rewards or leaves the question open is the thing to watch.