The American Bankers Association (ABA) jointly sent a letter with 52 banking organizations to the Senate Banking Committee, stating that there is room for circumvention regarding the restrictions on "paying interest/returns to holders" in the "GENIUS Stablecoin Act" signed by Trump last month. They suggested extending the relevant restrictions to digital asset exchanges, brokers, and related parties through amendments to prevent "disguised interest payments" from affecting deposits and credit. In response, the chief legal officer of a certain exchange stated.

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TestnetNomadvip
· 2h ago
A bit anxious, bankers.
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ZKProofEnthusiastvip
· 08-14 16:31
The regulators want to manage stablecoins again.
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CountdownToBrokevip
· 08-14 16:31
Crazy, the bank wants to control this and that again.
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GasWranglervip
· 08-14 16:22
technically speaking, their argument is sub-optimal and mathematically flawed...
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FloorSweepervip
· 08-14 16:16
TradFi is dead.
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DataBartendervip
· 08-14 16:15
There are really many ways of regulation.
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pumpamentalistvip
· 08-14 16:12
What are you panicking for, it's just urgent.
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