CoinFund President: US Senate Crypto Bill Restricts Stablecoin Rewards
ChainCatcher news, CoinFund President and former banker Christopher Perkins stated on social media that he criticizes the cryptocurrency market structure bill currently under review by the U.S. Senate, which may restrict retail investors from accessing stablecoin-related rewards.
Perkins, who is a member of the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee, stated that depriving retail investors of the right to earn stablecoin rewards is an improper policy, especially given that income inequality remains a major social issue.
The U.S. already has a stablecoin bill called GENIUS, and he questioned why policymakers want to prevent ordinary investors from earning yields from stablecoins.
Perkins suggested addressing banks' concerns about deposit and loan outflows by releasing regulatory capital and integrating blockchain technology, believing this would be a win-win solution.
He predicted that if such a solution is adopted, Global Systemically Important Banks (GSIBs) and community banks would eventually accept policies allowing retail investors to earn stablecoin rewards.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sonic: Over 16.02 million unclaimed Season 1 S tokens have been burned
Sonic: Over 16.02 Million Unclaimed Season 1 Airdrop S Tokens Burned
FIGHT announces FIGHT tokenomics and roadmap, with 57.0% allocated to the community
