Regulatory Debate on Stablecoin Yields Intensifies While Privacy Coins Experience Significant Surge
Regulatory Debate on Stablecoin Yields Intensifies While Privacy Coins Experience Significant Surge
The US Treasury is receiving conflicting advice regarding the GENIUS Act and stablecoin yields, with Coinbase advocating against a blanket ban on interest, while banks push for stricter regulations. Meanwhile, privacy coins Zcash (ZEC) and Dash (DASH) have experienced an impressive 80% surge, hitting multi-year highs. This rally is attributed to market rotation, upcoming halving events, and increasing demand for enhanced transaction privacy.
While Coinbase insists that the US Treasury cannot override Congress’s intent on the GENIUS Act, banks continue to press for a blanket ban on stablecoin interest.
Privacy coins surge 80% as Zcash and Dash hit multi-year highs, driven by rotation, halving hype and renewed demand for transaction privacy.