Coinbase CEO Says Reopening GENIUS Act Is ‘Red Line,’ Slams Bank Lobbying
In one of the most debated developments in crypto news, Coinbase CEO Brian Armstrong has issued a strong warning to lawmakers and financial institutions, calling the reopening of the GENIUS Act a “red line.” Armstrong accused traditional banks of lobbying Congress to restrict stablecoin rewards in a bid to protect their deposit base, a move he says threatens innovation and…