American Bankers Association Pushes Treasury To Enforce GENIUS Act’s Stablecoin Interest Ban
PositiveCryptocurrency

American Bankers Association Pushes Treasury To Enforce GENIUS Act’s Stablecoin Interest Ban
The American Bankers Association, along with 52 state bankers associations, is advocating for the enforcement of the GENIUS Act's ban on interest for payment stablecoins. This push comes in response to the Treasury's proposed rulemaking on stablecoins, highlighting the importance of regulatory clarity in the evolving financial landscape. By urging the Treasury to act, the ABA aims to protect consumers and ensure a stable financial environment, which is crucial as digital currencies gain traction.
— via World Pulse Now AI Editorial System







