US Edition125 Crypto Groups Tell Congress Stablecoin Yield Ban Favors Big Banks
14 Articles
14 Articles
Coalition of 125+ Companies Press Congress Not To Undermine GENIUS Act Stablecoin Rules
A group of 125+ digital asset companies has written a letter to US lawmakers, urging them to uphold the provisions of the GENIUS Act, particularly touching the issuance of stablecoin yields by intermediaries. The crypto companies urge Congress to promote innovation in its legislative endeavours, instead of succumbing to redundant industry standards. More than 125 crypto companies have jointly written to the US Congress to protect the stablecoin …
Over 125 Crypto Groups Oppose GENIUS Act Expansion On Stablecoin Rewards
Over 125 crypto organizations oppose expanding stablecoin yield restrictions under the GENIUS Act. Industry groups warn that limiting rewards could reduce consumer choice and favor traditional banks. Stablecoin incentive programs are likened to credit card rewards, supporting adoption and household financial resilience. The Blockchain Association and 125 other crypto and fintech organizations have formally opposed the extension of stablecoin rew…
Bitcoinist
Blockchain Association Rejects Proposal To Widen Stablecoin Yield Restrictions
The Blockchain Association led a broad industry push this week, asking Senate Banking leaders to resist efforts that would widen a ban on stablecoin yields beyond what Congress wrote into law. According to the association, the letter was signed by more than 125 crypto and fintech groups and companies and was sent to lawmakers to warn against reinterpreting the new rules in a way that would also bar exchanges and apps from offering rewards tied t…
The organization reiterated that there is no evidence to support the claim that stablecoin incentives negatively impact the banking system. Read more
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