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Banking group seeks extension to comment on US stablecoin bill

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Crypto Breaking News

The American Bankers Association is pushing for more time to weigh in on the regulatory framework for stablecoins, signaling patience from the banking sector as U.S. agencies shape rules under the GENIUS Act. In a Tuesday letter to the U.S. Treasury, the Federal Deposit Insurance Corporation, FinCEN, and the Office of Foreign Assets Control, the ABA requested a 60-day extension for public comment. The move could push the earliest possible implementation of the GENIUS Act by up to two months, depending on how the rulemaking unfolds.

The ABA argues that the agencies’ final rules will be substantially driven by the content of the Office of the Comptroller of the Currency’s final rule, making timely and meaningful public input challenging without that context. The FDIC’s own notice has emphasized alignment with the OCC where relevant, the ABA notes, and invites comment on whether the primary federal regulators should further harmonize their final rules to promote consistency for all payment stablecoin issuers subject to the GENIUS Act. That alignment, the ABA says, hinges on knowing the OCC rule first.

Key takeaways

  • The American Bankers Association asks for a 60-day extension on GENIUS Act rulemaking comments, potentially delaying implementation by up to two months.
  • The request centers on the final OCC rule, which the FDIC and other agencies say they aim to align with to ensure regulatory consistency for stablecoin issuers.
  • GENIUS Act implementation timeline: 120 days after final regulations are issued or 18 months after enactment, whichever comes first.
  • Beyond GENIUS, banks are weighing in on broader crypto policy, including a market-structure bill that could affect stablecoin yield once Congress acts.
  • Senate progress on related legislation, including the CLARITY Act, remains unsettled, with leadership signaling possible adjustments and scheduling debates in the coming weeks.

Regulatory alignment and the path to GENIUS Act rules

The ABA’s statutory inquiry centers on how the GENIUS Act will be implemented across multiple federal agencies. The letter frames a central dependency: because the FDIC has indicated it intends to align its proposed rule with the OCC’s final framework “to the extent relevant,” the ABA contends that substantial, meaningful public input cannot be fully informed until that OCC rule is public.

In practical terms, the GENIUS Act delegates the crux of stablecoin regulation to federal supervisors, including the OCC, FDIC, and Treasury’s broader rulemaking apparatus. The ABA’s push for more time underscores a broader industry interest in clarity and coherence across PPSI (payments, stablecoins, and related entities) regulations before stakeholders submit detailed feedback. The group also remains an active voice in policy debates on crypto market structure, including critiques of public-sphere analyses that might influence the treatment of stablecoin yield within a regulated framework.

Timeline, structure, and what it means for issuers

The GENIUS Act, signed into law in July of the previous year, sets a two-path trigger for when the new regime takes effect. Implementation can occur 120 days after the final regulations are issued, or 18 months after enactment, whichever comes first. That sequencing means any extension to the public-comment window could compress or delay a timeline that is already contingent on regulators finalizing and harmonizing rules across multiple agencies.

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Proponents of rapid, predictable rules argue that a clear path would help stablecoin issuers, banks, and payments networks plan capital, compliance programs, and product launches. Critics caution that incomplete or transitional rules could increase compliance risk and create uneven regulatory treatment among PPSIs. The ABA’s request for more time is therefore a signal that the industry would like more certainty before formal rules become binding, a posture that may influence agency timing and the scope of comment submissions.

Broader policy tensions: market structure and stablecoin yields

Beyond GENIUS, the banking sector remains engaged in broader crypto policy conversations. The ABA is a party to policy debates around a crypto market-structure package that could reshape the legal status of stablecoin yields. In recent coverage, banks publicly challenged a White House report that suggested restricting or banning stablecoin yields would have limited impact on banks, highlighting tensions between policy aims and the market realities of yield-bearing crypto products.

Meanwhile, the Senate has yet to reach a deal on advancing a separate market-structure bill—referred to in House parlance as the CLARITY Act when it passed the House earlier this year. North Carolina Senator Thom Tillis has signaled that a markup could be scheduled in May, potentially setting up a Senate floor vote later in the session. The timing remains fluid, with leadership weighing how best to integrate the GENIUS Act, the CLARITY Act, and related proposals into a coherent regulatory package.

What to watch next

Stakeholders should monitor three crossroads in short order: whether the OCC publishes its final rule and how the other agencies align with it in their own final rules; whether the public-comment period for GENIUS is extended again or remains on a firm schedule; and whether Senate leadership secures a timeline for markup and votes on the CLARITY Act and related market-structure legislation. The coming weeks will reveal how agencies balance the need for regulatory consistency with the desire for timely rules that provide clear guidance to issuers, banks, and users navigating the evolving stablecoin landscape.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Ethereum Price News: Bitmine ETH Treasury Tops 4.98M Tokens, Pepeto Delivers the Viral Meme Energy ETH Misses

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Ethereum Price News: Bitmine ETH Treasury Tops 4.98M Tokens, Pepeto Delivers the Viral Meme Energy ETH Misses

Ethereum price news on April 22 handed the bulls their sharpest read in months. Bitmine Immersion Technologies disclosed a 4.98 million ETH treasury worth roughly $11.5 billion with 101,627 tokens bought last week alone, the heaviest seven day stack of 2026 per CoinDesk, while ETH is marked at $2,410 with a 4.38% 24 hour gain.

Institutional treasuries stacking while the price reclaims levels is the footprint that has preceded every historic leg higher on ETH. Yet while most of the order book watches the $2,410 grind, $9.29 million is already inside a presale directed by the builder of the original Pepe with a confirmed Binance listing ahead, and Pepeto is the rare setup layering real utility onto the viral meme coin energy ETH no longer carries.

Bitmine chairman Tom Lee flagged clear evidence that the recent crypto correction is closing, citing ETH’s rebound and broader tape strength, per CoinDesk. The 101,627 ETH accumulated last week pushed the firm’s stack to 4.98 million tokens, roughly 4.12% of Ethereum’s 120.7 million supply, with 3.33 million of those tokens staked through the MAVAN validator infrastructure.

Spot ether ETFs strung together five positive sessions this week per CoinMarketCap as the Fear and Greed Index lifted to 33 from 29. Every prior Ethereum bull cycle launched on this profile, with corporate treasuries quietly soaking up supply while retail focus sat on other names.

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Ethereum Price News Meets Pepeto: A Presale Carrying Viral Meme Lineage

Pepeto: Live Exchange Tools Paired With 100x Arithmetic and Pepe Bloodline

Bull markets on ETH consistently lift memecoins, and presale tickets ride the hardest. ETH near $2,410 is firm with 219% of upside to the Standard Chartered $7,500 mark, but a measured climb and a 100x listing day outcome sit in completely different categories.

Pepeto fills that gap. The exchange is running while round pricing holds, so wallets funding today enter live software the same hour the ticket clears. Swaps carry no fees across supported tokens, and token transfer between Ethereum, BNB, and Solana costs zero when pushed through the cross chain router.

All tools inside the platform are active now, well ahead of listing day. The builder who guided Pepe to its $11 billion cycle peak on raw community momentum leads the project alongside a SolidProof cleared code stack and a booked Binance listing. Ethereum’s own 2014 crowdsale priced ETH near $0.31 and converted early buyers into millionaires over the cycle that followed. Pepeto carries that same early stage profile, now paired with the viral meme DNA ETH itself never had.

Staking pays 179% APY on compounding cycles, and with $9.29 million committed at $0.0000001865, every stage tightens the window. The second trading opens, today’s level vanishes.

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Ethereum (ETH) Price Holds $2,410 as Bulls Reclaim $2,400 and Memecoins Queue to Outpace Majors

Ethereum (ETH) is marked at $2,410 on April 22 per CoinMarketCap, a 4.38% 24 hour gain after the chart reclaimed $2,400 on fresh corporate demand. ETH is carving higher lows above the $2,200 zone per ZebPay analysis. A confirmed break over $2,400 opens $2,500, then $3,200, and places the Standard Chartered $7,500 target inside practical reach.

$2,200 anchors the technical base, with a rising trendline from the $1,800 low still intact. Across every prior cycle where ETH cleared a one month peak, memecoins and presales stacked multi x moves on top.

Even a clean run to $7,500 caps ETH gains at 219% across several months, while presale pricing in fractions of a cent maps a different multiplier when the rotation fires.

Closing Thoughts

Ethereum price news now places ETH above $2,410 with Bitmine absorbing 101,627 tokens in one week and corporate treasuries giving the chain a real structural bid, the sharpest read the network has seen in months. From a $285 billion asset, that upside is meaningful for patient books but nothing close to the magnitude that redraws a wallet.

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Pepeto is the separate trade because a live exchange paired with round stage pricing produces what ETH at this scale cannot reproduce, and that is precisely why $9.29 million landed inside the round while the rotation was still forming, capital that read the listing outcome long before the wider crowd filed in.

That same pattern is the one Ethereum buyers who entered at $0.31 in 2014 followed, walking out with seven figure positions by the 2021 cycle. Pepeto is where that profile gets built this cycle, with the Pepe builder at the helm, real meme energy wired in, and a Binance listing already booked. Rounds are closing out fast, and every hour that ticks against the bell tightens the window before this entry disappears.

Click To Visit Pepeto Website To Enter The Presale

FAQs

What signal is Ethereum price news flashing for ETH in April 2026?

Ethereum price news shows ETH marked at $2,410 after reclaiming $2,400 on April 22, while Bitmine reported a 4.98 million ETH treasury worth $11.5 billion with 101,627 ETH bought last week per CoinDesk. Spot ETH ETF flows ran positive for five straight sessions per CoinMarketCap.

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Which is the top crypto to buy with proven utility and viral meme energy right now?

Pepeto is the top crypto to buy today because the project runs a live SolidProof cleared exchange with zero fee swaps and a cross chain router, built by the Pepe builder. The round pulled $9.29 million at $0.0000001865 with 179% APY staking and a booked Binance listing ahead.


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Adam Back Addresses Satoshi Nakamoto Rumors at LONGITUDE Paris

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Adam Back Addresses Satoshi Nakamoto Rumors at LONGITUDE Paris

Blockstream CEO Adam Back, the British cryptographer and inventor of Hashcash, said it’s “flattering” that people think he’s Satoshi Nakamoto and was probably the result of his being a little too “talkative” on the cypherpunk mailing list that started it all. 

Back was speaking in a fireside chat with Cointelegraph at the recent LONGITUDE event in Paris, co-hosted by crypto exchange OKX, with discussions centered on crypto regulation, market structure and the growth of stablecoins.

Adam Back denies renewed suggestions that he invented Bitcoin

“It is flattering in some sense that they think you could have done it,” Back told Cointelegraph, reflecting on the widely publicized New York Times article on April 8 that suggested he is Satoshi, a claim he has denied. 

Back said there is a logical reason people think he’s Bitcoin’s creator. “The problem for me is I was very talkative on the mailing list,” he said, referring to the 1992 Cryptography Mailing List, where Satoshi later introduced the Bitcoin white paper in October 2008.

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“So anytime anyone was talking about electronic cash, I was right there, I was the reply guy with something to say about it,” he said. 

Blockstream CEO Adam Back speaking at LONGITUDE. Source: Cointelegraph

Back said the mystery behind Satoshi is an “interesting question” that he and others in the industry have pondered but never answered.

Prior to the fireside with Back, the event also featured three panels covering the role of traditional financial institutions in Web3, the need for clearer regulation and the pace of stablecoin adoption, alongside a separate fireside chat with OKX Europe CEO Erald Ghoos.

MiCA is “extremely beneficial,” but brings risks to innovation

Crypto industry executives said recent moves to regulate the industry have been positive for improved clarity, but regulatory fragmentation and overregulation could hurt innovation. 

In an onstage interview, Ghoos shed light on the Markets in Crypto-Assets (MiCA) regulation, a framework with which OKX Europe was deemed fully compliant in January 2025.

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“I think MiCA is extremely beneficial for the industry,” Ghoos said, explaining that it has helped to build trust in crypto. 

OKX Europe CEO Erald Ghoos speaking to Cointelegraph journalist Ciaran Lyons at LONGITUDE. Source: Cointelegraph

“Now it is a fully regulated asset class, which is very important,” Ghoos said, adding that industry participants will be “vetted and held up to the highest standards.”

However, he warned that the “regulatory burden” could slow innovation across Europe.

“Right now, because there is such a big and heavy regulatory overhead for startups, I do fear even more that the innovation and the great entrepreneurship that we have in Europe will start to shift to other jurisdictions around the world,” he said.

CertiK CEO Ronghui Gu said the lack of a unified global framework is a pain point for the industry.

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“For developers, for crypto companies in different regions, they are still under different compliance frameworks,” Gu said. 

Commenting on the proposed US CLARITY Act, which has been delayed largely because of unresolved issues around stablecoin yields impact on the banking system, Gu said that while the bill aims to bring structure, “many terms are not that clear to be honest, and a little bit vague.” 

“I think different firms have different interpretations and so on,” he added.

Ronghui Gu speaking at LONGITUDE. Source: Cointelegraph

“But I would say it definitely gives a much more friendly environment to crypto companies, to developers,” he added.

Cardano Foundation CEO Frederik Gregaard said he is “very confident” the CLARITY Act will pass soon, adding: “You feel the vibration from the policymakers saying we are going to adopt this,” he said.

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“They are super stoked about it,” Gregaard added.

Frederik Gregaard speaking at LONGITUDE. Source: Cointelegraph

“When this passes, from the non-TradFi adoption, you are going to see 100X,” Gregaard said, arguing that “classical industries” have been waiting for clarity before embracing the technology.

US Senator Thom Tillis of North Carolina said on Monday that he does not expect the Senate Banking Committee to mark up the legislation, also known as the CLARITY Act, in April and has recommended that Senate Banking Chair Tim Scott schedule it for next month.

Payments industry does a good job of “almost faking” real-time payments

Mastercard’s senior vice president for blockchain and digital assets, Christian Rau, said that stablecoins are “very well suited for payment purposes” during a panel with Stella Development Foundation chief business officer Raja Chakravorti and Ethereum Foundation enterprise lead Matthew Dawson.

“They don’t come with the volatility of other digital assets, given that they enjoy regulatory clarity in a lot of the world,” Rau said.

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Rau said the traditional payments industry does a “good job of almost faking real-time payments.”

“When I tap my card, it says transaction approved or payment made…it’s authorization, clearing, and settlement,” he said.

“A lot of the things that work arguably very well today, they still come with time delays, costs, and so forth,” he added.

Related: How Mastercard plans to settle card payments with stablecoins

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Meanwhile, Stella Foundation’s Chakravorti pointed to the roughly $317 billion in stablecoin circulation, which is up about 50% from last year, adding that he is starting to see some short-term cooling.

“Although to be clear, over the last two quarters, that’s started to slow down a little bit,” calling it a positive sign as it suggests parts of the underlying infrastructure are starting to mature.

“I think this next transition is local stablecoins, because people are now very focused on creating that opportunity in their economy as super important,” he said.

Chakravorti pointed to the “last mile” as one of the biggest hurdles for adoption, referring to the challenge of turning digital assets into something “workable” inside local financial systems.

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“I think it is the absolute key, ultimately, that is where all the friction lies within this system,” he said.

Magazine: Adam Back says current demand is ‘almost’ enough to send Bitcoin to $1M