Genius Act News

A Coinbase executive said changes to the GENIUS Act could weaken US dollar stablecoins as China moves to boost the digital yuan by allowing interest-bearing wallets.

Brian Armstrong says banks are pressuring lawmakers to curb stablecoin rewards, warning Coinbase will fight any effort to rewrite the bill.

The exchange cited licensing approvals in Europe and its US launch as key drivers behind the surge in activity on its compliant platforms.

Expanding the stablecoin yield prohibition to include the application layer is an anti-competitive practice, industry advocacy groups say.

FDIC reveals a path for bank-issued stablecoins under the GENIUS Act as corporate BTC treasuries expand, Anchorage buys Securitize’s RIA arm and Bhutan taps reserves.

In its annual predictions report, Galaxy’s analysts said onchain dollar transfers may process more volume next year than the US bank system that handles payroll and bill payments.

Coinbase Institutional says clearer regulation, stablecoin growth and shifting macro conditions could mark a turning point for crypto markets in 2026.

Issued by SoFi Bank, the dollar-backed token is designed for payments and settlement across banks, fintechs and enterprise platforms.

The company said the funds will support acquisitions, licensing efforts and expanded hiring as it enters new markets.

The gap between equities and Bitcoin got wider after Bitcoin’s post-all-time-peak correction in October.

FDIC acting chair Travis Hill will inform the House Financial Services Committee that the regulator plans to propose how it will apply the GENIUS Act this month.

The GENIUS Act promises safer, fully reserved dollar stablecoins and faster payments, but by steering issuers toward T-bills and cash, it may also hardwire a new demand engine for US debt.

The EU-licensed digital bank became the first financial institution to issue a token on Stripe and Paradigm’s layer-1 blockchain Tempo.

The new omnichain token brings fully backed dollar liquidity to Hyperliquid, Plume and Aptos while keeping a single regulated supply across networks.

With higher yields and flexible deposits, Aave’s new app marks a deeper move into the consumer banking terrain as inflation drives demand for better savings tools.