This is really important.
The GENIUS Act was a rare bipartisan win. Now big banks want a do-over to eliminate competition by blocking third-party rewards. Let regulators implement the law. We canāt undo a hard-won compromise.
The Algorand Foundation signed onto a letter alongside 125 companies and organizations urging Congress to defend the GENIUS Act as written.
Lawful stablecoin rewards are pro-consumer, pro-competition, and already permitted by law. Rewriting GENIUS now would undermine certainty and innovation.