A Dispute Over State Oversight Stokes the Stablecoin War
Also, Barr warns community banks about Fed's deregulatory efforts
Sponsored by the Structured Finance Association
Banks and digital asset firms have been trading very public blows about amending the stablecoin law enacted this summer – a battle primarily focused on whether tokens can pay interest. But there’s another dispute that’s also fomenting the tension. Call it the GENIUS Act undercard.
The less-noticed fight cent…