US regulators let crypto firms keep paying interest-like rewards
In short
Federal bank regulators said cryptocurrency companies can keep paying interest-like rewards. The change is part of the GENIUS Act, which was signed into law last year.
This matters because it gives crypto firms more room to operate, but the reporting does not say which companies are affected or how the rules will be enforced.
What the reporting says
Federal bank regulators allowed cryptocurrency companies to keep paying interest-like rewards, according to the reported rule change. The available reporting says the new rules are part of implementing the GENIUS Act, which was signed into law last year to codify rules for stablecoin issuers. The immediate consequence is regulatory clarity for some crypto business models, but the reporting does not specify which firms or products are covered.
Why it matters
Federal bank regulators moved to let cryptocurrency companies continue paying interest-like rewards. The reporting ties the rules to the GENIUS Act, signed into law last year, which was meant to define rules for stablecoin issuers. That suggests a clearer framework for parts of the crypto industry, but the available material does not name specific regulators, companies, or whether consumer returns will change.