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Why US community banks say the GENIUS Act has a stablecoin loophole

By Cointelegraph by Dilip Kumar PatairyaCointelegraph RSS
Why US community banks say the GENIUS Act has a stablecoin loophole

Why US community banks say the GENIUS Act has a stablecoin loophole

Banks argue that stablecoin rewards offered through exchanges exploit a GENIUS Act loophole, blurring the line between payment tokens and savings accounts.