While the Trump administration is much more pro-coin, one proposal for current regulation would limit big tech companies from being able to issue their own coins without approval from the OCC, which supervises US banks. 2025 July 5, Philip Stafford, Akila Quinio, “Stablecoins begin to enter the mainstream with backing from Trump administration”, in FT Weekend, London: The Financial Times Ltd., →ISSN, →OCLC, page 11:
No funds left Citi, which disclosed the near miss -- when a bank processes the wrong amount but is able to recover the funds -- to the Federal Reserve and the Office of the Comptroller of the Currency (OCC), the report said. 2025 February 28, “Citigroup mistakenly credits customer account $81 trillion in "near miss", FT reports”, in Reuters: