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[Coinbase CEO Armstrong Opposes Revival of the 'GENIUS Act'] Coinbase CEO Brian Armstrong tweeted his firm opposition to any attempts to revive the 'GENIUS Act,' calling it a red line. He predicted that banks might change their stance in the future due to the business opportunities presented by stablecoins, lobbying the government to allow interest and yield payments. He believes the current efforts by banks are both futile and unethical.