U.S. Banks Sound Alarm on Stablecoin Loophole in GENIUS Act

The post U.S. Banks Sound Alarm on Stablecoin Loophole in GENIUS Act appeared first on Coinpedia Fintech News A coalition of major U.S. banking groups, led by the Bank Policy Institute (BPI), is urging Congress to act fast on a “dangerous gap” in the GENIUS Act. This gap could let stablecoin issuers sidestep the law by offering interest through affiliated platforms, including crypto exchanges, a move bankers warn could shake the very foundations …