The GENIUS Act Clash

[nihalsari]

The GENIUS Act currently bans stablecoin issuers from paying interest directly, but allows intermediaries like exchanges to pass yields to users.

Armstrong calls banking lobby efforts to close this loophole “mental gymnastics” and predicts banks will eventually pivot to issuing their own tokenized dollars. #CryptoPolicy #Stablecoins #FinTech

[madmax]

I love the name GENIUS act sounds so cool