GENIUS Act: FDIC Urged Not to Expand Stablecoin Yield Ban as Senate Weighs CLARITY Act – Crypto News – Crypto News
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GENIUS Act: FDIC Urged Not to Expand Stablecoin Yield Ban as Senate Weighs CLARITY Act – Crypto News

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Crypto firm Paradigm has sent a comment letter to the U.S. Federal Deposit Insurance Corporation (FDIC), urging the regulator not to extend the stablecoin yield ban in the GENIUS Act to third-party firms. This comes as the Senate deliberates on the CLARITY Act, which preserves stablecoin rewards for these third-party firms. Ad Ad Paradigm Urges

The post GENIUS Act: FDIC Urged Not to Expand Stablecoin Yield Ban as Senate Weighs CLARITY Act appeared first on CoinGape.

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