A bipartisan bill aimed at providing merchants with more choices when using credit-card networks has gained new momentum. The Credit Card Competition Act, which seeks to regulate swipe fees, might be included as an amendment to the Genius Act, a crypto bill. This move could give the long-stalled legislation another chance in the US Senate.
The Genius Act focuses on regulating and boosting stablecoins – cryptocurrencies pegged to other assets like the dollar. The added provision would provide merchants with more options when using credit-card networks, potentially reducing swipe fees.
Source: https://www.marketwatch.com/story/years-long-push-on-swipe-fees-for-credit-cards-gets-a-fresh-shot-heres-what-you-need-to-know-586f1cee