GENIUS Act Sparks Clash as Banks Push to Limit Stablecoin Yields

The U. S. Senate’s GENIUS Act is turning into a battleground over who controls returns on digital dollars. At the center of the debate is stablecoin yield, a feature that has helped crypto products compete directly with traditional bank deposits. As lawmakers push to finalize the bill, pressure from the banking sector is shaping how far … source: https://coinpedia.org/news/genius-act-sparks-clash-as-banks-push-to-limit-stablecoin-yields/