Effects of Stablecoin Yield Prohibition on Bank Lending

Executive Summary The GENIUS Act, signed into law in July 2025, requires stablecoin issuers to maintain reserves backing outstanding stablecoins on at least a one-to-one basis. Reserves may only consist of certain specified assets, including US dollars, federal reserve notes, funds held at certain insured or regulated depository institutions, certain short-term Treasuries and Treasury-backed reverse

Trump admin. personnel agency is asking for federal workers’ medical records

The Trump administration is quietly seeking unprecedented access to medical records for millions of federal workers and retirees, and their families. A brief notice from the Office of Personnel Management could dramatically change which personally identifiable medical information the agency obtains, giving it the power to see prescriptions employees had filled or what treatment they