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 …

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 …

Source: TechMeme
Source Link: http://www.techmeme.com/250904/p6#a250904p6