Banks push to block stablecoin legislation over market share fears

">" alt="Banks push to block stablecoin legislation over market share fears">Bankers and their allies in the US Senate are pushing back against the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act over fears that stablecoins will disintermediate banks and erode banking market share.According to an https://www.americanbanker.com/news/the-genius-act-existential-threat-to-banks-or-opportunity

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