GENIUS Act Key Provisions In Spotlight: XRP Attorney Deaton Alerts To Bankers’ Role

In the lead-up to the potential passage of the crypto market structure bill, known as the CLARITY Act, Faryar Shirzad, Chief Policy Officer at Coinbase, shed light on the ongoing discussions surrounding key provisions of the already enacted GENIUS Act. GENIUS Act Under Fire Shirzad noted that the stablecoin rewards provisions of the GENIUS Act are currently a central topic of debate among lawmakers. Shiraz remarked, “reopening it now only creates uncertainty and risks the future of the US Dollar as commerce moves onchain. ” Shirzad emphasized the importance of protecting the GENIUS Act, arguing that rewards benefit consumers without adversely affecting community banks source: https://www.newsbtc.com/news/genius-act-key-provisions-in-spotlight-xrp-attorney-deaton-alerts-to-bankers-role/