Stablecoin Rewards Are the Shortcut to Financial Trouble

Stablecoin Rewards Are the Shortcut to Financial Trouble

When President Trump signed the GENIUS Act into law this summer, he called it “American brilliance at its best,” and for once, Washington’s slogan may live up to its name.

GENIUS Act Could Reshape U.S. Dollar Stablecoin Regulation, Says Circle

TLDR: Circle urges full backing of payment stablecoins with cash or liquid assets for consumer protection. Foreign stablecoin regimes should meet GENIUS standards to gain Treasury recognition. Rulemaking must treat all dollar-like tokens equally to prevent regulatory evasion. Issuers must maintain wind-down plans and clear penalties for compliance breaches. Circle has submitted formal comments to the U.S. Department of the Treasury regarding th…

Coinbase Calls for Clear GENIUS Act Rules to Strengthen Stablecoin Innovation

Coinbase urges the U.S. Treasury to keep GENIUS Act regulations clear, focused, and innovation-friendly. Clear, consistent rules will strengthen U.S. leadership in global digital asset innovation markets. Overbroad stablecoin regulations could severely hinder crypto growth, adoption, and overall market development. Crypto exchange Coinbase Global has called on the U.S. Treasury Department to make sure that regulations based on the GENIUS Act sti…

Stablecoins Are Like Email in a Fax

Is 2025 a possible “ChatGPT moment” for stablecoins? It might be, though given the glacial pace at which the new payment technology is making inroads into everyday shopping, it might be easy to miss the change. Take EBANX. It’s...

Circle Comments on GENIUS Act: Advocates for Simple, Strong Regulations

As the U.S. government moves closer to establishing a clear regulatory framework for stablecoins, major crypto companies are actively engaging with policymakers to shape its implementation. Circle, a leading issuer of stablecoins, has called for a level playing field among financial institutions and stablecoin issuers, emphasizing transparency and consistent enforcement in the emerging regulatory landscape. Circle advocates for equitable regula…

Coinbase Proposes Allowing Non-Issuers to Offer Stablecoin Interest Under GENIUS Act

The US Treasury is receiving opposing guidance on how to implement the GENIUS Act, which regulates stablecoin payments. Coinbase asked the department to limit a ban on stablecoin interest to issuers. Non-issuers, such as crypto platforms, should be allowed to offer interest, the company said, arguing this aligns with Congress’s intent.Digital assets meet tradfi in London at the fmls25The GENIUS Act was signed into law in July. It is expected to …