The final fight on GENIUS is going to be on an amendment unrelated to crypto: the Credit Card Competition Act of Durbin and Marshall, changing how credit cards can restrict network access & might change rewards systems. Merchants love it, banks hate it. 

It’s on net a good bill, but if included, banks might kill GENIUS. Needs 60 votes to pass.

The final fight on GENIUS is going to be on an amendment unrelated to crypto: the Credit Card Competition Act of Durbin and Marshall, changing how credit cards can restrict network access & might change rewards systems. Merchants love it, banks hate it. 

It’s on net a good bill, but if included, banks might kill GENIUS. Needs 60 votes to pass. https://www.congress.gov/bill/118th-congress/senate-bill/1838/text