The cryptocurrency and banking industries are facing off over competing visions of digital asset regulation at the agency level, seeking to define the future of the financial landscape at key regulators.

Leading trade associations on both sides have submitted numerous letters and comments to the Treasury Department and the Office of the Comptroller of the Currency (OCC) in recent days in an effort to influence implementation of a new stablecoin law and the fate of crypto’s push for bank charters.

The crypto industry secured a major victory earlier this year with the passage of the GENIUS Act, which aims to create a regulatory framework for dollar-backed digital tokens known as stablecoins.

However, the measure leaves many details up to the regulators, creating an opening for banks to se

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