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GENIUS Act changes would be a ‘national security trap’: Crypto execs

Pro-crypto lawyer John Deaton argued that banning yield on stablecoins would incentivize the use of China’s interest-bearing digital yuan, hurting the US dollar.

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

GENIUS Act changes would be a ‘national security trap’: Crypto execs

Pro-crypto lawyer John Deaton argued that banning yield on stablecoins would incentivize the use of China’s interest-bearing digital yuan, hurting the US dollar.

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

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