Bringing Cryptocurrency and other digital assets into the mainline economy under a federal framework is a massive win for Americans and businesses, as cryptocurrency is something that tens of millions of Americans invest into daily.

The GENIUS Act helped set up a federal framework for stablecoins and establish clear, established rules between stablecoins and traditional banking offers, but there is a loophole that can destroy community banks that Rural Americans, Small Businesses & Americas Farmers and Entrepreneurs rely on for loans.

The Senate Banking Committee had a meeting scheduled for today, but Coinbase's CEO threw fuel into the fire.

Brian Armstrong came out against this bill in an attempt to strong arm negotiations for ransom. This legislation came after thousands of man hours of negotiations and policywriting, and is being thrown in jeopardy at the 11th hour in an attempt to let perfect be the enemy of good.