Why the GENIUS Act is actually a compliment to Stablecoins.

Traditional banks are lobbying the Senate to stop stablecoins from paying interest. Why? Because they know they can’t compete with the efficiency of on-chain deposits.

The banks call it "protecting the system," but it’s actually a desperate attempt to stop a deposit flight. Even if the GENIUS Act restricts interest, it won't stop the utility of stablecoin payments. In fact, it might force Coinbase to innovate even faster with transaction-based rewards.

Why the "Bank vs. Stablecoin" war is just beginning: