Categories: Bitcoin

BPI Argues That GENIUS Act Stablecoin Yield Loopholes Jeopardize the Banking Sector



The BPI explains that as crypto companies circumvent the GENIUS Act guardrails, the difference in yield between ordinary banking products and stablecoins could lead to deposits migrating to the latter, putting the credit creation system at risk of failure and potentially spreading throughout the U.S. economy. Bank Policy Institute Calls for Plugging Genius Act Stablecoin […]



Source link

Joseph Rees

Leave a Comment
Share
Published by
Joseph Rees
1 day ago

Recent Posts

TikTok guidelines updates are coming. Here’s what it means for creators and commenters

On Thursday, TikTok announced updates to its Community Guidelines in an effort to make its…

45 minutes ago

Market Share Drops Despite Massive Volume Surge

Coinbase’s market presence has gradually declined throughout 2025. The US-based exchange began the year holding…

1 hour ago

I Tried the Best At-Home Pet DNA Test Kits on My Two Cats (2025)

If You Have a Dog, Consider These KitsI don’t have a dog, so I didn't…

2 hours ago

Bitcoin Futures Open Interest Hits $82.4B With Options Activity Rising

Bitcoin’s derivatives market action showed strong engagement this weekend as futures open interest surged past…

2 hours ago

Shiba Inu price at risk of crash as burn rate jumps 1,550%

The Shiba Inu price remained in a tight range on Saturday, August 16, as the…

2 hours ago

Kyte, which billed itself as the ‘best competitor to Hertz,’ shuts down

Rental car startup Kyte has shut down nearly one year after slashing staff and exiting…

3 hours ago