$305M Coinbase USDC Yield At Risk As OCC Closes GENIUS Loophole
Coinbase reported $305M Q1 2026 stablecoin revenue from a 3.5% USDC reward the GENIUS Act did not catch. The OCC’s rebuttable presumption rule now targets it.
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FDIC’s GENIUS Act Rule Bars Direct Yield Claims, Opens 60-Day Comment
The FDIC voted Tuesday to propose a 191-page stablecoin issuer rule under the GENIUS Act, restricting direct yield claims and opening 60 days for 144 questions.
