Big banks are trying to undermine the GENIUS Act, which aims to improve competition in finance. They claim an "interest loophole" exists that allows crypto platforms like Coinbase to offer rewards, while ignoring the inefficiencies in the traditional payment system. The article highlights how various companies, including banks, are adopting crypto technology to enhance payment processes.

Goldman Sachs has upgraded Coinbase’s stock rating to Buy, citing new product launches and increased non-trading revenue as positive indicators for long-term growth. However, the firm also warns of execution risks and heightened competition that could pressure margins in the near term.