I mean, they, they kind of got a bit of a win even in Genius. And now in the Senate, they're building momentum to have a rewards ban. So what passed in Genius was, you know, Banks can pay interest, but fintech companies, other stablecoin issuers who don't have a bank charter can't pay interest. But they could offer rewards. You know, some sort of sort of like a credit card rewards program. You could have incentives for doing it. Now banks are essentially building momentum to even that. (06:37–06:47)
CLAIM
Asserts that only banks can pay interest, not fintech companies or stablecoin issuers without a bank charter.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
