CoinFund President: Restricting Retail Stablecoin Yields is "Unsound Policy"

Odaily News CoinFund President and former banker Christopher Perkins posted on the X platform, criticizing the cryptocurrency market structure bill currently under review by the U.S. Senate, which may restrict retail investors from accessing stablecoin-related rewards. Perkins, who is also a member of the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee, stated that depriving retail investors of the right to earn stablecoin rewards is an unsound policy, especially against the backdrop where income inequality remains a significant social issue. The U.S. already has a stablecoin bill named GENIUS, and he questioned why policymakers would want to prevent ordinary investors from earning yields from stablecoins. Perkins suggested addressing banks' concerns about deposit and loan outflows by unlocking regulatory capital and integrating blockchain technology, believing this would be a win-win solution.