U.S. Senators Get 250K Letters Calling for Protection of Stablecoin Yields
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最新报道：In response to Wall Street bank lobbying, crypto advocacy group Stand With Crypto mobilized its members to send over 250,000 messages to U.S. senators, urging them to protect stablecoin rewards under the GENIUS Act. The group, backed by Coinbase, argued that banning yields would harm consumers while banks protect their own credit card rewards. The GENIUS Act, enacted this year, prevents stablecoin issuers from directly offering interest but allows affiliates or exchanges to do so, which bankers claim could lead to significant deposit losses. Amid a government shutdown, regulatory implementation is delayed, while Stand With Crypto reports over 2.7 million supporters.
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