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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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Finance heavyweights and consumer watchdogs are joining forces—yes, really—to push for amendments to the controversial GENIUS Act. The target? Stablecoin regulations that could make or break crypto's mainstream adoption.
Why the sudden teamwork? Even Wall Street sharks recognize that poorly drafted rules could sink the entire digital asset lifeboat—and their profits with it.
Behind closed doors, lobbyists are scrambling to tweak provisions that currently favor legacy players. Meanwhile, DeFi advocates whisper about regulatory capture while hedging their bets with compliant stablecoin projects.
One banking exec joked, 'We'll endorse consumer protections... right after we finish rigging the system.' Classic finance.
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