American Bankers Association Says OCC GENIUS Act Rules Undermine Congress

TLDR The American Bankers Association criticized the OCC’s final GENIUS Act rules on stablecoin issuance and custody. The OCC dropped a proposed provision that would have presumed certain third-party yield arrangements break the law. The ABA says issuers can now offer yield-like rewards through affiliates and exchanges while avoiding the ban…Continue Reading

russia-kept-sneaking-troops-through-gas-pipes-behind-ukrainian-lines.-now-ukraine-has-gone-more-than-15-km-underground-to-do-the-same-to-russia

Ukraine’s Defense Forces advanced more than 15 km through underground utility tunnels into Russia’s rear on the Kupiansk axis in Kharkiv Oblast, the Khartiia Corps of Ukraine’s National Guard reported on 22 October. The corps called it Operation Veles. The underground advance was paired with attacks on the surface andContinue Reading

yemenis-face-severe-shortages-in-taiz-amid-houthi-blockade

Residents in Yemen’s Taiz are facing severe food and water shortages as a Houthi blockade cuts off a key supply route., NewsFeed Residents in Yemen’s Taiz are facing severe food and water shortages after a Houthi blockade cut off a key supply route. The UN warns aid can no longerContinue Reading