A growing coalition of U.S. banks is panic-stricken. They are currently urging lawmakers to rewrite the GENIUS Act, specifically targeting the reward structures offered by non-bank stablecoin issuers. They see the ability for crypto platforms to offer yield on digital dollars as a “loophole” that threatens to siphon deposits away from the traditional banking system. […]
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Stablecoins Get A Break? US Lawmakers Propose Tax Relief
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Lawmakers in the US have put forward...
