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Coinbase Launches Efforts Agst. Bank Attempts to Roll Back GENIUS Act

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Webster

Webster

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Paul Grewal, chief legal officer at Coinbase, sits down with CNBC Crypto World to discuss a new marketing campaign targeting concerns from banks over stablecoin rewards.
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Blockchain Association CEO Summer Mersinger discusses a letter the association sent to Congressional leaders arguing that the GENIUS Act is under attack from Big Banks who want to unravel the law to better protect their businesses. The letter comes after bank advocacy groups warned that allowing rewards for stablecoins through crypto exchanges, a provision in the GENIUS Act, will lead to a rush of customers yanking funds from community banks.
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