Video Description
The Genius Act allowed stablecoin issuers to pay rewards to users. The bank lobby used the Clarity Act to try to reverse that. Here's what actually happened in the negotiation, and what the new restrictions on stablecoin rewards mean in practice.
Faryar Shirzad, Chief Policy Officer at Coinbase, joins Laura Shin to break down the compromise language, why Coinbase considers it workable, and why 150 to 200 new stablecoin projects have already launched since the Genius Act was signed.
This clip is from a longer conversation on the Clarity Act and US crypto legislation. Full episode here: https://youtube.com/live/_vdOTAsNAqg
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