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Wall Street Skeptical of GENIUS Act’s Impact on Dollar or Treasury Markets
Wall Street Skeptical of GENIUS Act’s Impact on Dollar or Treasury Markets
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BTCCSquare news:
The passage of the United States' first federal stablecoin law marks a watershed moment for digital assets, yet Wall Street remains divided on its implications. Institutional heavyweights are clashing over whether the GENIUS Act will meaningfully bolster demand for dollar-pegged instruments or simply add regulatory friction to crypto markets.
Market makers note the legislation's ambiguous language around reserve requirements could either stabilize or destabilize short-term credit markets—depending on whether stablecoin issuers flock to T-bills or seek higher-yielding alternatives. 'This isn't digital dollar policy—it's regulatory theater with unintended consequences,' snapped one fixed-income strategist.
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