U.S. Senators Get 250K Letters Calling for Protection of Stablecoin Yields

In answer to Wall Street bank lobbying, crypto group Stand With Crypto said it enlisted its online members to send a message more than 250,000 times to the U.S. senators in their states, pushing back on the bankers' attempt to stymie the avenue for stablecoin rewards in the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The letter crafted by Stand With Crypto — a U.S. pro-crypto member organization initially established by Coinbase — urges lawmakers to ignore the banking a ...