According to Crypto in America, MoonPay CEO Ivan Soto-Wright today wrote to the U.S. Congress in support of the Conference of State Bank Supervisors (CSBS) concerning the amendments in the GENIUS Act and STABLE Act for equal regulatory authority between state and federal stablecoin issuers. He emphasized that the current provisions of the bill overly favor the federal path, potentially undermining the competitiveness of state-licensed issuers. He called on Congress to amend the law to maintain competition, fairness, and consumer protection.