The US banking lobby isn’t keen on interest-bearing stablecoins or their supposed challenge to financial systems — but it may be too late to amend these “loopholes” in the GENIUS Act. The Banking ...
WASHINGTON — Groups representing bankers in Washington are pushing back against a provision in the stablecoin bill that they say opens up loopholes for stablecoins to offer de facto interest. Bank ...
US banking groups have urged Congress to close a so-called loophole letting stablecoin issuers offer yields through affiliate firms, fearing it undermines the banking system. Several US banking groups ...
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