#Blockchain Association opposes expanding stablecoin yield ban to third parties.$BTC
The Blockchain Association, backed by 125+ industry groups, sent a letter to the US Senate Banking Committee opposing the expansion of the #stablecoin yield prohibition to third-party platforms, calling it anti-competitive.$ASTER
While the "GENIUS" regulatory framework bans issuers from paying yield, the letter argues that extending this ban to crypto platforms—similar to credit card rewards—would stifle innovation and increase market concentration.#USNonFarmPayrollReport
