Trump: US has to ‘make it so that China doesn’t get the hold‘ of crypto
Donald Trump warns about China potentially dominating the cryptocurrency market and supports the GENIUS Act to counter this threat, signaling potential regulatory changes.
Donald Trump warns about China potentially dominating the cryptocurrency market and supports the GENIUS Act to counter this threat, signaling potential regulatory changes.
US community banks warn that the GENIUS Act’s stablecoin loophole lets crypto exchanges offer unregulated savings-like products, risking consumer protection and financial stability.
Coinbase is reconsidering its support for the digital-asset market structure legislation due to potential restrictions on stablecoin incentives, as traditional banking groups push for stricter regulations.
China’s introduction of interest-bearing digital yuan accounts increases pressure on the US to reevaluate its stablecoin regulations, sparking concerns about the competitiveness of US digital dollars.
Coinbase CEO Brian Armstrong’s endorsement of China’s CBDC interest policy raises questions about his motives amid regulatory challenges posed by the GENIUS Act.
Leading crypto executives warn that proposed changes to the GENIUS Act, which aim to ban yield on stablecoins, could undermine U.S. national security and economic interests. Pro-crypto lawyer John Deaton argues that such a ban could push users towards China’s interest-bearing digital yuan, potentially weakening the U.S. dollar’s global dominance.
The Community Bankers Council is advocating for a crypto market structure bill to ban interest on stablecoins, aiming to close a loophole in the GENIUS Act. Learn more about the potential impacts on the DeFi and stablecoin markets.
US Representative Warren Davidson warns that the GENIUS Act and the rise of digital IDs and CBDCs could turn the US into a surveillance state, threatening financial freedom and privacy.
A Coinbase executive cautions the US Senate about the risks of misregulating stablecoins, which could give China an edge with its digital yuan advancements.
The stablecoin market experienced record growth in 2025, driven by the GENIUS Act and new banking charters, but not all issuers had a smooth year.