Coinbase Urges Treasury to Align GENIUS Act Regulations with Congressional Intent
Coinbase Urges Treasury to Align GENIUS Act Regulations with Congressional Intent
Coinbase has submitted feedback to the US Treasury Department, advocating for regulations under the GENIUS Act to align with Congress's original objectives. The move comes as American bankers push for strict enforcement of the act's prohibition on interest for payment stablecoins, with Coinbase specifically addressing the act's interest restrictions.
Coinbase Submits Feedback To Treasury: Calls For Strict Compliance With GENIUS Act Objectives
American bankers are urging the US Treasury Department to enforce the prohibition on interest for payment stablecoins in the GENIUS Act. In response, cryptocurrency exchange Coinbase, has called on the Treasury to ensure that the forthcoming regulations align with Congress’s original intentions regarding the act. Coinbase Pushes Back On GENIUS Act’s Interest Restrictions.