Stablecoin Yield Wars: Banks vs. Crypto in Washington

Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Wednesdays

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Stablecoin showdown in Washington! Will new regulations kill crypto yield? The GENIUS Act restricts stablecoin issuers from directly paying interest, but a loophole lets exchanges offer it. Banks fear a $6.6 trillion exodus, while crypto advocates champion yield as the future. Get ready for a Capitol Hill clash that will decide the fate of earning interest on your digital dollars. Hosted on Acast. See acast.com/privacy for more information.