Crypto industry presses Senate Banking panel to reject efforts to expand limits on stablecoin rewards

Several starring cryptocurrency companies and trade groups urged lawmakers connected the Senate Banking Committee on Thursday to reject efforts to add caller limits on stablecoin rewards in upcoming legislation.  In a missive led by the Blockchain Association, much than 125 crypto manufacture players argued against a propulsion to “reinterpret and expand” an existing prohibition on stablecoin interest in the GENIUS Act.   Among the signatories are the Bitcoin Policy Institute, Crypto…