Web Stories Thursday, October 22
GOP senator unveils plan to expand Trump Accounts to people under 40: ‘Game-changer’

Sen. Bernie Moreno, R-Ohio, said he plans to introduce legislation that would expand eligibility for Trump Accounts, currently available to children under 18, to Americans under the age of 40. Trump Accounts can be established for eligible children under 18, while U.S. citizen children born between 2025 and 2028 are eligible for a one-time $1,000 federal contribution. Individuals and employers can generally contribute up to a combined $5,000 annually.Moreno said on Tuesday he would lead…

United States

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Politics

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Business

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Banking Groups Push Back on OCC’s Finalized GENIUS Rules on Stablecoin Yield

A lobbying group for US banks has weighed in on the Office of the Comptroller of the Currency’s (OCC’s) recently finalized rules on payment stablecoin issuance and custody, arguing that the regulator’s interpretation went against Congress’ intent.In a Wednesday notice, the American Bankers Association (ABA) said that while the OCC’s…

Lifestyle

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