Weekly Washington Policy Pulse: Stablecoin Proposal, Reconciliation (June 8, 2026)
About this episode
The episode reviews comments on the OCC's stablecoin proposal and discusses its implications for banks and upcoming political events.
A review of market participant comments towards the Office of the Comptroller of the Currency's proposal on stablecoins led Bloomberg Intelligence's June 8 Washington Policy Pulse. Companies like Coinbase pushed the OCC to back off the idea of applying "bank-like" rules to non-banks while trade associations representing banks like Bank of America and Citigroup pushed for further restrictions on reward programs. We also discussed testimony from the House Financial Services Committee and how it impacts regional banks like PNC Financial and US Bancorp. Finally, we discussed the most recent reconciliation efforts as well as new tariffs and Republican goals ahead of the midterm elections. The Bloomberg Intelligence Financial Policy weekly call is designed to provide investors an opportunity to learn about the most recent relevant policy research, information regarding forthcoming political catalysts and other on-goings within Washington DC. The call is open to all and is held every Monday at 10:00 a.m. EST. You can register for the call here: https://bloomberg.zoom.us/webinar/register/WN__PqCkwY-S2m3hbQqvVC1_Q#/registration See omnystudio.com/listener for privacy information.
More episodes of Balance of Power
- SpaceX Jumps After Record IPO
- Trump Cancels Planned Iran Strikes in Latest Reversal
- Trump Vows Immediate Attacks on Iran, Straining Ceasefire
- Trump Blames Iran for Hitting Helicopter, Says US Must Respond
- Iran, Israel Pledge to End Attacks
Explore listener stats, chart rankings, contacts and more on the Balance of Power podcast page.