X @Wu Blockchain

U.S. banking groups—including the American Bankers Association and Bank Policy Institute—are pushing to amend the recently passed GENIUS Act, warning that its current structure creates a loophole allowing crypto exchanges to indirectly offer interest-bearing rewards to stablecoin holders. They argue this could trigger as much as $6.6 trillion in deposit outflows. https://t.co/wjGllPA2L9 ...