Coinbase CEO Urges GENIUS Reforms As Congress Debates Stablecoin Regulation

By: cryptosheadlines|2025/05/06 17:00:08
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Amidst increasing debate over stablecoin regulation in the United States, Coinbase CEO Brian Armstrong is calling for key reforms to the proposed GENIUS Act. Reportedly, he argues that the current legislation unfairly restricts stablecoin issuers from paying interest to users and stifle innovation in the crypto space. As Congress is currently navigating the complex landscape of stablecoin regulation, Armstrong’s statements underscore the growing tensions in the crypto space.Stablecoin Regulation: Coinbase CEO Urges for GENIUS Act ReformIn the latest development within the stablecoin space, Brian Armstrong, the Chief Executive Officer of Coinbase, a prominent crypto exchange, is urging for regulatory revisions. Highlighting the current unfair legislation, he demands Senate discussion on the GENIUS Act. In addition, he is also proposing revisions for the House’s STABLE Act.In a recent X post, the Coinbase CEO wrote, “Congress has a real opportunity this week to advance stablecoin and market structure legislation.” According to him, the current provisions of both the GENIUS Act and the STABLE Act prohibit stablecoin issuers from paying interest to users.This development comes on the heels of Coinbase’s amicus brief filing to end IRS crypto surveillance.Brian Armstrong Calls for Swift ActionNotably, Brian Armstrong is pushing for swift passage of stablecoin legislation in the U.S., with a potential window of opportunity before the August break. He called on lawmakers in both the House and Senate to take action and enact legislation that balances consumer protection with innovation in the digital asset sector. He posited,We strongly support the Senate starting debate on the GENIUS Act — and we need 60 votes to get there. We also welcome House efforts to build on FIT21’s momentum. Both chambers need to act now if we hope to pass comprehensive legislation into law before August.✓ Share: Nynu V Jamal Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.Source link

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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