Stablecoin Companies Harness Loopholes in the GENIUS Act to Offer ‘Rewards’
Main Idea
The content appears to be promotional material for online casino bonuses and offers, highlighting various deals such as deposit bonuses, free spins, and no-KYC policies.
Key Points
1. Multiple bonus offers are listed, including up to 360% bonus, 400 free spins, and 20% rakeback.
2. No-KYC (Know Your Customer) policies are mentioned, along with VPN-friendly services.
3. Some promotions include instant withdrawals and no maximum withdrawal limits.
4. Welcome bonuses range from 130% up to 2,500 USDT to 250% up to 1 BTC, with additional free spins.
5. The text references VIP clubs, daily giveaways, and fast payouts as additional incentives.
Description
Companies like Coinbase and Paypal are taking advantage of the loopholes present in the stablecoin-focused GENIUS Act to offer “rewards” to depositors, even though it explicitly forbids issuers from distributing any form of interest or yield to holders. GENIUS Act Circumvented? Paypal, Coinbase Offering ‘Rewards’ to Stablecoin Holders Crypto companies are finding ways to circumvent
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