CoinWorld reported that Wu said on Twitter that Galaxy Digital CEO Mike Novogratz pointed out that the game over profit distribution in the stablecoin bill is key. Banks oppose crypto platforms offering rewards to users, while the GENIUS Act has already permitted such practices. If the bill is thwarted because of this, the responsibility lies with the bipartisan senators supporting the banks, and the biggest losers will be American consumers.
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CoinWorld reported that Wu said on Twitter that Galaxy Digital CEO Mike Novogratz pointed out that the game over profit distribution in the stablecoin bill is key. Banks oppose crypto platforms offering rewards to users, while the GENIUS Act has already permitted such practices. If the bill is thwarted because of this, the responsibility lies with the bipartisan senators supporting the banks, and the biggest losers will be American consumers.