US bank groups ask to close GENIUS Act’s stablecoin yield ‘loophole’
US banking groups have urged Congress to close a so-called loophole letting stablecoin issuers offer yields through affiliate firms, fearing it undermines the banking system.
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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
US banking groups have urged Congress to close a so-called loophole letting stablecoin issuers offer yields through affiliate firms, fearing it undermines the banking system.
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