Regulation· ★★★· neutral·

Coinbase Urges Treasury to Clarify GENIUS Act Rules for Foreign Stablecoin Payments

  • —The Oct. 19, 2026, letter urges rules consistent with Congress's intent to strengthen the dollar
  • —Coinbase seeks clarity on service providers' duties for foreign payment stablecoins
  • —It argues the Section 4(a)(11) interest ban does not cover third-party rewards
  • —COIN closed at $170.85 (+1.42%) and reached $172.49 after hours
Why it matters: How Treasury interprets the GENIUS Act will determine whether U.S. platforms can offer stablecoin rewards and handle foreign stablecoin payments.
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Source: The Coin Republic
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