CoinFund President: Restricting stablecoin yields for retail investors is an "unfair policy"

Odaily Planet Daily reports that Christopher Perkins, president of CoinFund and a former banker, published an article on the X platform criticizing a cryptocurrency market structure bill currently under consideration by the US Senate that could restrict retail investors from receiving stablecoin-related rewards. Perkins, a member of the Commodity Futures Trading Commission's (CFTC) Global Markets Advisory Committee, stated that depriving retail investors of the right to stablecoin rewards is an inappropriate policy, especially given that income inequality remains a significant social issue. He questioned why policymakers would want to prevent ordinary investors from profiting from stablecoins, given the existing stablecoin bill in the US called GENIUS. Perkins suggested addressing banks' concerns about deposit and loan outflows by releasing regulatory capital and integrating blockchain technology, believing this would be a win-win solution.