Know What's Happening in Technology

Cross River Bank Advocates for Maintaining Stablecoin Yield Regulations

Cross River Bank has urged the U.S. Senate to preserve the newly enacted GENIUS Act provisions that allow yields on stablecoin deposits. The bank argues that these rules create competitive parity between digital and traditional financial products and protect consumer choice. It warns that rolling back the legislation would hinder fintech innovation and limit market options. Cross River also highlights its own compliant, scalable stablecoin infrastructure as a model for broader financial inclusion.