AiCoin
AiCoin|Mar 28, 2026 00:45
[Cryptio CEO Comments on U.S. Stablecoin Legislation: Bank Lobbying to Restrict Yields Lacks Empirical Support] Cryptio CEO Antoine Scalia commented on the yield restriction provisions in the U.S. Senate's CLARITY Act and GENIUS Act, calling the current ban a 'self-serving move' driven by bank lobbying. He pointed out that traditional banks are concerned about deposit outflows to high-yield stablecoins, and overly restricting stablecoin incentive mechanisms could push liquidity overseas. He believes the digital dollar market needs to evolve through yields and rewards, and policies should ensure transparency, auditability, and alignment with the U.S. regulatory framework, rather than imposing outright bans. Scalia stated that allowing stablecoin yields would benefit U.S. consumers and bolster the U.S. dollar's status as a global reserve currency.
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