This week, besides the CPI at 21:30 tonight on January 13th(, there is also an important event in the crypto world; that is, on January 15th (Thursday), the Senate will review the "Crypto Market Structure Act." A major issue is that the "GENIUS Act" prohibits interest payments on stablecoins, but COINBASE, as a distributor of USDC rather than the issuer, has been paying interest to users by offering rewards (exploiting loopholes).
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This week, besides the CPI at 21:30 tonight on January 13th(, there is also an important event in the crypto world; that is, on January 15th (Thursday), the Senate will review the "Crypto Market Structure Act." A major issue is that the "GENIUS Act" prohibits interest payments on stablecoins, but COINBASE, as a distributor of USDC rather than the issuer, has been paying interest to users by offering rewards (exploiting loopholes).