🚨 COINBASE CEO: REOPENING GENIUS ACT IS “RED LINE”

Coinbase CEO Brian Armstrong warns that reopening the GENIUS Act is a “red line”, criticizing banks for lobbying Congress.$NEAR

🧠 Core details:

• Armstrong accuses banks of blocking competition from stablecoins and fintech platforms

• GENIUS Act impacts crypto innovation and regulatory landscape

• Coinbase positions itself as a defender of open financial competition

📌 Key points:

• Highlights tension between legacy banks and crypto players

• Suggests potential regulatory standoff in Washington

• Could influence future stablecoin adoption and fintech growth$LINK

⚖️ Why this matters:

• Signals crypto industry pushback against restrictive lobbying

• Reinforces the role of stablecoins and fintech as competitive forces

• May shape policy decisions impacting market access

🌐 Big picture:

Armstrong’s statement underscores the battle over regulatory control and the push for a more open, competitive financial system.$AT

📊 Takeaway:

Red lines drawn.

Whales and investors are watching Washington closely.

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