Coinbase Warns: Digital Dollar Policy Risks Losing Ground to e-CNY

Coinbase’s Chief Policy Officer, Faryar Shirzad, issued a stark warning that the U.S. risks conceding dominance in digital finance to China over proposed stablecoin regulations. The alert comes as the People’s Bank of China (PBoC) announced it will permit interest payments on its digital yuan (e-CNY) starting January 1, 2026. The geopolitical issue centers on the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The current legislation, a key framework for regulating stabl ...