{"id":57144,"date":"2025-11-06T18:46:33","date_gmt":"2025-11-06T18:46:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=57144"},"modified":"2025-11-06T18:46:33","modified_gmt":"2025-11-06T18:46:33","slug":"coinbase-says-treasury-has-no-authority-whats-the-bone-of-contention","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=57144","title":{"rendered":"Coinbase  Says Treasury &#8216;Has No Authority&#8217;\u2014What&#8217;s The Bone Of Contention?"},"content":{"rendered":"<div>\n<p><strong>Coinbase Global Inc. <\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/COIN\">COIN<\/a>) has challenged U.S. Treasury plans for a blanket ban on stablecoin yield, citing overreach under <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/10\/48141079\/trumps-genius-act-has-changed-global-monetary-system-says-economist-stablecoins-will-usher-in-hyperinflation\">the GENIUS Act<\/a>.<\/p>\n<h3 class=\"wp-block-heading\">Coinbase Argues Treasury Exceeds Its Mandate<\/h3>\n<p>In a Tuesday letter, Coinbase <a href=\"https:\/\/cointelegraph.com\/news\/coinbase-urges-treasury-preserve-stablecoin-yields-non-issuers\">urged<\/a> the Treasury to restrict the yield ban only to stablecoin issuers.<\/p>\n<p>The exchange said extending the rule to non-issuers would violate Congress&#8217;s intent.<\/p>\n<p>&#8220;Congress went no further,&#8221; Coinbase wrote, warning that broader restrictions would hurt innovation and stablecoin adoption.<\/p>\n<p>The company argued that the GENIUS Act&#8217;s text does not give Treasury power to prohibit interest offered by exchanges &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/11\/48698451\/coinbase-says-treasury-has-no-authority-whats-the-bone-of-contention?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Coinbase\" says treasury no authority the bone of contention>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase Global Inc. (NASDAQ:COIN) has challenged U.S. Treasury plans for a blanket ban on stablecoin yield, citing overreach under the GENIUS Act. Coinbase Argues Treasury Exceeds Its Mandate In a Tuesday letter, Coinbase urged the Treasury to restrict the yield ban only to stablecoin issuers. The exchange said extending the rule to non-issuers would violate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-57144","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/57144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57144"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/57144\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}