The U.S. crypto industry lobbying group Blockchain Association, together with 125 crypto institutions, has sent a letter to the U.S. Senate opposing the expansion of stablecoin yield restrictions to application layers and third-party platforms under the GENIUS Act. They argue that this move would stifle innovation and favor the banking system. The organization believes that stablecoin reward mechanisms are similar to credit card cashback, and banning yield sharing would weaken the competitiveness of stablecoins. (Cointelegraph) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=53883