The Blockchain Association and leading crypto platforms have made their position clear to lawmakers: stablecoin rewards shouldn't face the same restrictions as traditional interest products. Their argument? These rewards operate under a fundamentally different mechanism and are essential for maintaining a competitive market. The distinction matters—treating stablecoin incentives as conventional interest could reshape how platforms operate and ultimately impact users. This push back signals growing industry consensus that regulators need to understand the nuances of crypto economics before imposing blanket rules.
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The Blockchain Association and leading crypto platforms have made their position clear to lawmakers: stablecoin rewards shouldn't face the same restrictions as traditional interest products. Their argument? These rewards operate under a fundamentally different mechanism and are essential for maintaining a competitive market. The distinction matters—treating stablecoin incentives as conventional interest could reshape how platforms operate and ultimately impact users. This push back signals growing industry consensus that regulators need to understand the nuances of crypto economics before imposing blanket rules.