Exchange CEO: Firmly Opposes Any Attempt to Restart the GENIUS Act
Foresight News reported that the CEO of a certain exchange, Brian Armstrong, tweeted: "We will never allow anyone to restart the GENIUS Act. This is our bottom line. We will continue to safeguard the interests of our customers and the crypto industry. My prediction is that in a few years, once banks realize the huge business opportunities brought by stablecoins, they will change their stance and lobby the government to allow them to pay interest and returns. So, their current efforts are completely futile (and also unethical). The innovator's dilemma always exists."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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