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Topic: genius-act

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Sunday, 6/28, 02:08 PM

'Crypto v community': local US lenders push back on the stablecoin law

  • Thousands of community banks and credit unions are mounting a campaign against the new US law governing stablecoins, warning that a loophole could siphon deposits out of Main Street and into crypto — and choke off lending to small towns.
  • Stablecoin backers say the fears are overblown and the law brings overdue rules.

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