The U.S. Treasury is consulting on GENIUS Act implementation. Credit: J. David Ake/Getty Images. Key Takeaways The Treasury is consulting on how to implement the GENIUS Act. Coinbase argued that stablecoin yields should be considered loyalty rewards, not interest payments. On the other hand, Wall Street is pushing for an expansive ban on stablecoin yield. A prohibition on interest-bearing stablecoins is one of the defining features of the U.S. GENIUS Act. However, the Treasury hasn’t yet determin ...