https://www.live-feeds.com/feed/treasury-secretary-bessent-invokes-lincoln-s-1863-act-to-back-trump-s-lawContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/treasury-secretary-bessent-invokes-lincoln-s-1863-act-to-back-trump-s-lawhttps://www.live-feeds.com/feed/treasury-secretary-bessent-invokes-lincoln-s-1863-act-to-back-trump-s-law#u155696Mon, 26 Oct 2026 09:21:43 +0000Treasury Secretary Scott Bessent compared the Trump administration's stablecoin legislation to Abraham Lincoln's National Currency Act of 1863. Bessent praised the Office of the Comptroller of the Currency final rule implementing the GENIUS Act, calling it a watershed moment in American finance. The OCC rule establishes a framework for stablecoin reserves, redemptions, and related services, while federal bank regulators stated cryptocurrency companies can keep paying interest-like rewards. The rule and the law will take effect on January 18, 2027. Meanwhile, the American Bankers Asso