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🚨 US Community Bankers Seek to Ban Interest on Stablecoins

The Community Bankers Council has petitioned the US Senate to close a perceived loophole in the proposed crypto market structure bill, known as the GENIUS Act. According to Cointelegraph, the council is specifically calling for a ban on exchanges and other entities offering yield on stablecoins.

🚨 US Community Bankers Seek to Ban Interest on Stablecoins

The Community Bankers Council has petitioned the US Senate to close a perceived loophole in the proposed crypto market structure bill, known as the GENIUS Act. According to Cointelegraph, the council is specifically calling for a ban on exchanges and other entities offering yield on stablecoins.