US banking groups warn a GENIU... Note
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US banking groups warn a GENIUS Act loophole, which lets crypto exchanges reward stablecoin holdings, could drive users to pull money from traditional banks (Adam Willems/Wired)

Adam Willems / Wired: US banking groups warn a GENIUS Act loophole, which lets crypto exchanges reward stablecoin holdings, could drive users to pull money from traditional banks  —  The GENIUS Act barred stablecoin issuers from paying interest.  But in allowing cryptocurrency exchanges to offer rewards …