{"id":706750,"date":"2026-01-08T05:15:42","date_gmt":"2026-01-08T02:15:42","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/genius-act-changes-would-be-a-national-security-trap-crypto-execs\/"},"modified":"2026-01-08T05:15:42","modified_gmt":"2026-01-08T02:15:42","slug":"genius-act-changes-would-be-a-national-security-trap-crypto-execs","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/genius-act-changes-would-be-a-national-security-trap-crypto-execs\/","title":{"rendered":"GENIUS Act changes would be a \u2018national security trap\u2019: Crypto execs"},"content":{"rendered":"

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Pro-crypto lawyer John Deaton argued that banning yield on stablecoins would incentivize the use of China\u2019s interest-bearing digital yuan, hurting the US dollar.<\/p>\n

The bank lobby\u2019s requested changes to the stablecoin-regulating GENIUS Act could undermine competition and weaken the US dollar\u2019s global position, crypto executives and industry groups have claimed.\u00a0<\/p>\n

Crypto advocacy group the Blockchain Association said<\/a> on Tuesday that a bid to lawmakers by a group of community bankers to ban issuers from offering yield to tokenholders through third parties was \u201ca last-ditch effort by Big Banks to block competition after Congress struck a careful, bipartisan deal.\u201d\u00a0<\/p>\n

The GENIUS Act bans stablecoin issuers from offering interest or yield, but major crypto exchanges are still rewarding stablecoin holders, and community banks argued that closing the claimed loophole is crucial for protecting their lending abilities.<\/p>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Pro-crypto lawyer John Deaton argued that banning yield on stablecoins would incentivize the use of China\u2019s interest-bearing digital yuan, hurting the US dollar. The bank lobby\u2019s requested changes to the stablecoin-regulating GENIUS Act could undermine competition and weaken the US dollar\u2019s global position, crypto executives and industry groups have claimed.\u00a0 Crypto advocacy group the Blockchain…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-706750","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/706750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=706750"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/706750\/revisions"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=706750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=706750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=706750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}