According to The Block, the American Bankers Association has accused the Office of the Comptroller of the Currency (OCC) of undermining congressional authority after the regulator declined to comment on third‑party stablecoin rewards. The association says the OCC’s decision not to address the issue reflects a move that conflicts with the legislative framework intended by lawmakers.
The dispute marks a renewed clash between banks and crypto actors. Officials from the OCC chose not to provide guidance or interpretation regarding rewards offered for stablecoins through third parties, prompting the bank trade group to raise concerns about procedural respect for congressional direction.
The American Bankers Association emphasizes that its concern centers on the regulator’s choice not to engage with the policy question, rather than any specific regulatory action. The association seeks clarification on how the OCC intends to handle future stablecoin reward disclosures and compliance expectations.
