Stablecoins Dilemma: Cryptopia Versus Banking Titans 🎭😜

The coalition’s argument, as articulate as a Russian prince’s plea, rests upon the text of the celebrated (or, as some would have it, reviled) GENIUS Act. This statute, freshly inscribed by the hand of President Donald Trump, forthrightly forbids authorized stablecoin issuers from rewarding their holders with interest or yield directly. Notably, the lexicon of the Act raises the intriguing proposition that third parties might still offer incentives. Such a distinction, critics of the banking elite argue, is no mere oversight but a deliberate nod to glorious competition.






