TechFlow news, January 9 — Christopher Perkins, president of CoinFund and former banker, criticized the cryptocurrency market structure bill currently under review by the U.S. Senate in a social media post, warning it could restrict retail investors' access to stablecoin-related rewards.
Perkins, a member of the Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee, stated that depriving retail investors of stablecoin yield rights is poor policy—especially against the backdrop of persistent income inequality as a major societal issue.
He pointed out that the U.S. already has the GENIUS stablecoin bill and questioned why policymakers would block ordinary investors from earning returns on stablecoins.
Perkins suggested addressing banks' concerns about deposit and loan erosion by releasing regulatory capital and integrating blockchain technology, calling this a win-win solution.
He predicted that under such an approach, both global systemically important banks (GSIBs) and community banks would ultimately embrace policies allowing retail access to stablecoin yields.
