The Market Ticker - Crypto Market Structure
Oh do come on.
The strum and furor over the Crypto Market Structure Bill is a prohibition on “stable coins” having a yield.
Blockchain Association CEO Summer Mersinger came out swinging against the banking industry Tuesday, arguing that what “is threatening progress is not a lack of policymaker engagement, but the relentless pressure campaign by the Big Banks to rewrite this bill to protect their own incumbency.”
When Congress passed the GENIUS Act last summer, the rewards issue was barely a blip on the radar. The measure, which sought to create a regulatory framework for the dollar-backed digital tokens, banned stablecoin issuers from paying “any form of interest or yield” to stablecoin…….
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Source: https://market-ticker.org/akcs-www?post=254794
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