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Coinbase & PayPal Double Down on Stablecoin Rewards—Defying GENIUS Act Crackdown
Coinbase & PayPal Double Down on Stablecoin Rewards—Defying GENIUS Act Crackdown
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Crypto giants dig in their heels as regulators take aim at yield programs.
The showdown no one asked for: While the GENIUS Act tries to kill stablecoin rewards, Coinbase and PayPal just won’t quit—because nothing says 'financial innovation' like sidestepping Congress.
Why it matters: These rewards aren’t just pocket change. They’re the backbone of crypto’s pitch to mainstream users—offering yields that traditional banks haven’t matched since the 90s (or ever).
The cynical twist: Washington frets about 'risky schemes,' but let’s be real—since when has Wall Street needed stablecoins to gamble with your money?
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