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Coinbase Proposes Allowing Non-Issuers to Offer Stablecoin Interest Under GENIUS Act
The US Treasury is receiving opposing guidance on how to implement the GENIUS Act, which regulates stablecoin payments. Coinbase asked the department to limit a ban on stablecoin interest to issuers. Non-issuers, such as crypto platforms, should be allowed to offer interest, the company said, arguing this aligns with Congress’s intent. The GENIUS Act was signed into law in July. It is expected to take effect either 18 months after enactment or 120 days after federal regulators issue final rules, likely in late 2026 or January 2027. At the same time, banking organizations led by the Bank Policy Institute urged the ... (full story)
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