Major push from the crypto sector: The Blockchain Association along with 125 industry organizations just called on U.S. Senate lawmakers to shoot down the proposed tighter restrictions on stablecoin yield. Their concern? These limits would hamstring innovation and essentially hand an advantage to traditional banks. It's the latest salvo in the ongoing battle between the crypto industry and regulators over how stablecoins should operate.
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GasFeeBeggar
· 6h ago
Still arguing with traditional banks, it's really never-ending.
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SmartContractPhobia
· 7h ago
Coming back with this again? 125 organizations joined forces, and the result was still being pressed into the ground and rubbed in.
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AlwaysMissingTops
· 7h ago
Coming back with this again? The lobbying teams of traditional banks must be so scared of us, haha.
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ChainMelonWatcher
· 7h ago
Here we go again with this? Traditional finance is just afraid that we will move their cheese.
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wagmi_eventually
· 7h ago
Ha, here we go again, that old trick of traditional finance... Do you really think you can trap us?
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ValidatorViking
· 7h ago
stablecoin yield restrictions? lmao, watch the banks laugh all the way to their boring vaults. regulators always swing the axe at the wrong targets—classic move.
Major push from the crypto sector: The Blockchain Association along with 125 industry organizations just called on U.S. Senate lawmakers to shoot down the proposed tighter restrictions on stablecoin yield. Their concern? These limits would hamstring innovation and essentially hand an advantage to traditional banks. It's the latest salvo in the ongoing battle between the crypto industry and regulators over how stablecoins should operate.