[Coinbase CEO: Will Not Allow Amendments to the GENIUS Act, This Is Coinbase's Red Line] Odaily Planet Daily reported that Coinbase CEO Brian Armstrong stated on the X platform that banks are lobbying the U.S. Congress to amend the GENIUS Act. Coinbase will not allow anyone to make changes to this act, as it is Coinbase's red line, and the company will continue to safeguard the interests of its customers and the cryptocurrency industry. Brian Armstrong added that he personally predicts that in a few years, once banks realize the enormous business opportunities brought by stablecoins, they will change their stance and lobby Congress to allow stablecoins to pay interest and returns. Therefore, their current actions are completely futile (and unethical), and the innovators' dilemma persists. It is reported that the current GENIUS Act requires stablecoin issuers not to offer stablecoin rewards, but intermediary platforms like Gemini, Coinbase, and Kraken can, and they have already been included in the existing act. If traditional bankers amend the act to prohibit such behavior, it will hinder stablecoin innovation.