OCC Stablecoin Rules Face Backlash from American Bankers Association

• The OCC finalized rules on a stablecoin law, focusing on yield provisions.
• The American Bankers Association argues these rules undermine US Congress.
• Banking advocacy organizations are pushing back against the OCC's changes.
• The OCC declined to weigh in on third-party stablecoin rewards.
• The conflict between banks and crypto has intensified.