🔥 New Escalation from US Banks Against Stablecoins 🔥
🇺🇸 US community banks are pushing to close what they describe as a loophole in the GENIUS Act. This loophole allows trading platforms to offer returns on stablecoins.
🏦 The banks argue that these practices:
• Give platforms an unfair advantage
• Drain liquidity from the traditional banking system
• Weaken the banks' role in attracting deposits
⚠️ From their perspective, returns on stablecoins are offered without the same restrictions and regulations imposed on banks.
💡 In conclusion: The conflict between traditional finance and cryptocurrency platforms is entering a new phase, and upcoming legislation could completely reshape the rules of the game. 🔥📊
👀 Any amendment to this law could have a direct impact on stablecoins, platforms, and market liquidity.
