CoinVoice has recently learned that the American Bankers Association (ABA) and 52 other banking organizations have sent a letter to the leadership of the U.S. Senate Banking Committee, proposing revisions to the "U.S. Stablecoin Regulatory and National Innovation Act" (GENIUS). The letter points out concerns regarding the GENIUS Act in areas such as interest payments, state-level regulation, and the issuance of stablecoins by non-financial companies, as the prohibition on stablecoin issuers paying interest to holders is considered too lenient. [Original link]