TechFlow news, December 31 — Coinbase Chief Policy Officer Faryar Shirzad posted on social media: "The People's Bank of China announced plans to pay interest on digital yuan, a wake-up call. Tokenization is the way forward, and the GENIUS Act is a visionary initiative designed to ensure dollar stablecoins issued under U.S. rules become the primary settlement tools of the future.
If the Senate mishandles negotiations on the market structure bill, it could deliver a massive boost to our global competitors at the worst possible moment, giving non-U.S. stablecoins and central bank digital currencies a critical competitive edge. Special interest lobbyists will always obstruct change.
It is crucial to uphold the dominance of the dollar and the U.S. financial system—not merely to protect the interests of special interest groups."
