X @Wu Blockchain

The Blockchain Association, together with 125 crypto organizations, sent a letter to the U.S. Senate opposing the expansion of stablecoin yield restrictions under the GENIUS Act to the application layer and third-party platforms, arguing that such measures would stifle innovation and favor the banking system. The group said stablecoin reward mechanisms are comparable to credit card cashback programs, and banning yield sharing would weaken the competitiveness of stablecoins. https://t.co/WJEKky0HlC ...