Stablecoin Yield vs Banks: The GENIUS Act Loophole Explained | USDC, Coinbase, JPMorgan Battle

Banks and crypto used to wage their regulatory battles behind closed doors. Well, not anymore. The fight is completely in the open now, and it's getting hairy.Previously, the battle was over whether crypto was legal. This time, it's about whether crypto can pay interest. And that's a fight banks absolutely cannot afford to lose.JP Morgan, the American Bankers Association, Coinbase, and Circle are at war over a technical loophole in the Genius Act, the law that was supposed to legitimize stable coins, but ac ...