As the crypto industry anticipates the potential passage of the CLARITY Act, discussions intensify around the implications of existing legislation, particularly the GENIUS Act. Faryar Shirzad, Chief Policy Officer at Coinbase, has highlighted the critical nature of these discussions, especially regarding stablecoin rewards, as emphasized in the official statement.
Споры вокруг положений о вознаграждениях в стабильных монетах
Shirzad pointed out that the stablecoin rewards provisions within the GENIUS Act are a focal point of contention among lawmakers. He argued that these rewards are beneficial for consumers and do not pose a threat to community banks, emphasizing the need to protect this aspect of the legislation.
Опасения по поводу действий Китая
In a broader context, Shirzad expressed concern over China's recent moves to capitalize on the situation. He noted that during Senate discussions, China has announced interest payments for users of its Digital Yuan, a strategy that could potentially challenge the dominance of the US dollar. He cautioned that any Senate decision to ban rewards could inadvertently bolster China's efforts to undermine the dollar's supremacy.
Recent developments in the Ethereum network have attracted significant institutional interest, as highlighted in a report discussing the impact of clearer regulatory frameworks, contrasting with ongoing discussions about stablecoin rewards in the GENIUS Act.
