Why US community banks say the GENIUS Act has a stablecoin loophole

Banks argue that stablecoin rewards offered through exchanges exploit a GENIUS Act loophole, blurring the line between payment tokens and savings accounts.
Source: Why US community banks say the GENIUS Act has a stablecoin loophole (https://cointelegraph.com/news/why-us-community-banks-say-the-genius-act-has-a-stablecoin-loophole?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)