Banking Industry Steps Up Fight on Stablecoin Rewards
Also: Wall Street takes on DeFi; CFPB survives -- for now
As 2025 drew to a close, Rob Nichols interrupted the holiday lull to fire off an email to bank CEOs across the country, notifying them about “an urgent policy challenge that demands immediate action.” The reason for the rare all-hands-on-deck bulletin: crypto companies “seeking to exploit a loophole” in the law so they can pay interest on stablecoins.
“T…