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Banks lobby US Treasury for blanket stablecoin yield ban, Coinbase pushes back

Coinbase insists that the US Treasury cannot override Congress’s intent on the GENIUS Act, but banks continue to press for a blanket ban on stablecoin interest.

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Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Banks lobby US Treasury for blanket stablecoin yield ban, Coinbase pushes back

Coinbase insists that the US Treasury cannot override Congress’s intent on the GENIUS Act, but banks continue to press for a blanket ban on stablecoin interest.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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