Daily Market Updates: Treasury Secretary Bessent likens GENIUS Act to Lincoln-era banking reform

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At close · Thu, Oct 22, 2026

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Treasury Secretary Bessent likens GENIUS Act to Lincoln-era banking reform

Reported · Written up by our desk · Bitcoin

The OCC has finalized rules for stablecoin reserves and redemptions, with Bessent calling the GENIUS Act a “watershed moment for American finance.”

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Sources

CointelegraphTreasury Secretary Bessent likens GENIUS Act to Lincoln-era banking reform

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