X @Wu Blockchain

Coinbase submitted feedback to the U.S. Treasury, urging it to strictly follow congressional intent when implementing the GENIUS Act. The exchange called for excluding non-financial software, blockchain validators, and open-source protocols from regulation, and clarified that the Act’s interest ban applies only to stablecoin issuers—not intermediaries offering rewards. Coinbase also recommended treating payment stablecoins as cash equivalents for tax and accounting purposes.https://t.co/Al0YLsCpZI ...