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Wall Street & Consumer Advocates Unite: Demand Critical Changes to GENIUS Act on Stablecoins
Wall Street & Consumer Advocates Unite: Demand Critical Changes to GENIUS Act on Stablecoins
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Wall Street giants and consumer protection groups—typically at odds—are forming an unlikely alliance. Their target? The controversial GENIUS Act governing stablecoins.
Why the sudden camaraderie? Both sides smell blood in the water after the Act's shaky rollout. Bankers want clearer custody rules, advocates demand tougher reserve audits—and everyone hates the compliance gray zones.
The proposed edits could reshape crypto's regulatory landscape overnight. But cynics whisper this 'unity' lasts only until someone mentions transaction fees...
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