Can the GENIUS Act help small banks or hasten their decline?
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最新报道：U.S. Senator Tommy Tuberville criticizes the GENIUS Act, warning it may harm small banks by favoring large institutions and tech firms. The bill aims to boost startups with capital access incentives but could accelerate banking consolidation, as FDIC data shows small banks dropping from 12,000 in the 1980s to under 4,500 today. Tuberville seeks amendments to ensure fair competition and prevent disproportionate regulatory burdens on smaller institutions.
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