Executivos do setor de criptomoedas: alterar a lei GENIUS pode constituir uma "armadilha de segurança nacional"

Odaily Planet Daily News - Multiple cryptocurrency industry executives and advocacy organizations are warning that if the stablecoin regulatory framework "GENIUS Act" is modified according to banking industry lobbying requests to restrict third-party yield provision to stablecoin holders, it could weaken the United States' competitiveness in the global financial system and even constitute a "national security trap."

Pro-crypto lawyer John Deaton stated that prohibiting stablecoin yield mechanisms could instead stimulate the market to turn toward China's interest-bearing digital yuan, thereby undermining the dollar's position. The cryptocurrency industry organization Blockchain Association pointed out that there is currently no evidence that stablecoin development will damage the traditional banking system, and such modifications appear more like competitive blocking behavior by major banks after an existing bipartisan consensus was reached.

Alexander Grieve, Vice President of Government Affairs at Paradigm, also warned that overturning existing reward arrangements would waste the legislative progress achieved. Meanwhile, Galaxy Digital CEO Mike Novogratz stated bluntly that it would be a mistake for the United States to retreat from related rules due to industry pressure. (Cointelegraph)