U.S. Banks’ Stablecoin Sabotage: Why China’s Digital Yuan Might Just Outshine the Dollar

On a day ending in “y” – Tuesday, to be precise – Coinbase’s Chief Policy Officer, Faryar Shirzad, regaled Congress with tales of legislative heroism akin to Horatio at the bridge, albeit concerning the so-called GENIUS Act. “Tokenization is the future!” he declared, as though summoning forth a new Jerusalem, while simultaneously lamenting that banning stablecoin interest might hand China a golden goose. 🏦💸







