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US banking groups warn a GENIUS Act loophole, which lets crypto exchanges reward stablecoin holdings, could drive users to pull money from traditional banks (Adam Willems/Wired) from Techmeme RSS feed.
US banking groups warn a GENIUS Act loophole, which lets crypto exchanges reward stablecoin holdings, could drive users to pull money from traditional banks (Adam Willems/Wired)
Adam Willems / Wired:
US banking groups warn a GENIUS Act loophole, which lets crypto exchanges reward stablecoin holdings, could drive users to pull money from traditional banks — The GENIUS Act barred stablecoin issuers from paying interest. But in allowing cryptocurrency exchanges to offer rewards …