Banks want the “affiliate loophole” closed; exchanges say that turns lawful loyalty incentives into an illegal end-run overnight.
The GENIUS Act banned issuer-paid yield, but the Senate markup fight is whether exchanges can keep routing rewards around that restriction, and the answer could decide who controls $6 billion in annual incentives.
Senate Banking is scheduled to consi… [11811 chars]
Source: CryptoSlate | Published: 2026-01-13T14:25:52Z
Credit: CryptoSlate
