GENIUS Act panic overblown: VanEck’s Matthew on Coinbase deal

VanEck Matthew Sigel said the market panic regarding the GENIUS Act is overblown, noting Coinbase was always expected to adjust its Circle deal. The OCC guidance formalizes existing laws. Coinbase keeps 100% of on-platform USDC interest and shares 50% off-platform revenue. The deal is up for renewal this year.