GENIUS Act: FDIC Urged Not to Expand Stablecoin Yield Ban as Senate Weighs CLARITY Act

Crypto firm Paradigm has sent a comment letter to the U.S. Federal Deposit Insurance Corporation (FDIC), urging the regulator not to extend the stablecoin yield ban in the GENIUS Act to third-party firms. This comes as the Senate deliberates on the CLARITY Act, which preserves stablecoin rewards for these third-party firms. Ad Ad Paradigm Urges