Stablecoin legislation
Customers are benefitting from the global stablecoin arms race — but that won’t last forever
It would be a mistake to see the incoming wave of aggressive APYs as the new baseline, according to Ron Tarter, CEO of MNEE. This is merely the promotional phase of stablecoins.
Big banks want to freeze innovation. History says that’s a mistake
The fight over stablecoin yield is less about protecting consumers and more about protecting banking incumbents, argues Bill Hughes, Senior Counsel and Director of Global Regulatory Matters for Consensys.
Congress must bar interest on payment stablecoins to avoid harming Main Street lending
Allowing crypto exchanges and other intermediaries to offer yield-like incentives on payment stablecoins would pose significant risks to local economies, argues Kevin Paintner, chairman of the Independent Community Bankers of America’s Digital Assets Subcommittee.
As America nears 250, financial freedom shouldn’t be up for debate
The banking lobby’s efforts to revisit or reinterpret Congress’ decisions regarding stablecoin rewards are driven by attempts to re-litigate settled law and blunt competition after the fact, argues Blockchain Association’s Summer Mersinger.
Re-litigating the GENIUS Act Brings Risk and No Rewards
If bipartisan agreements like the GENIUS Act can be immediately reopened whenever an incumbent industry dislikes their competitive implications, legislative compromise becomes impossible, argues Blockchain Association CEO Summer Mersinger.
Most Influential: Bo Hines
President Donald Trump tapped a former college football player to run offense on his digital assets agenda.
Will Interest Payments Make Stablecoins More Interesting?
The restriction on paying interest to stablecoin users looks easy to circumvent, argues EY’s Paul Brody. So why not just let stablecoin providers pay interest the same as any bank would?
Photos: Trump Signs the GENIUS Act Into Law
On Friday, U.S. President Donald Trump signed the first-ever major piece of crypto legislation into law.
GENIUS Act for Stablecoins Passes House on Way to Being First Major U.S. Crypto Law
On the heels of its vote to pass its Clarity Act to oversee crypto markets, the House of Representatives followed up with a 308-122 approval of GENIUS.
As House Panel Kicks Tires on Stablecoin Bill, Old-School Finance Giants Reveal Shift
In a U.S. congressional hearing on the new House stablecoin bill, witnesses including BNY and a Wall Street super-lawyer further show a tradfi arrival.
