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Amundi Raises Shocking Alarm: US Stablecoin Bill Could Backfire
Amundi Raises Shocking Alarm: US Stablecoin Bill Could Backfire
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BTCCSquare news:
Amundi, Europe's largest asset manager, has issued a stark warning about the potential unintended consequences of the U.S. stablecoin legislation known as the GENIUS Act. While designed to regulate dollar-pegged digital currencies, the bill is causing international concern among policymakers and market participants.
The legislation's extraterritorial implications could disrupt global crypto markets, particularly affecting stablecoin issuers and trading platforms. Market analysts suggest the bill may create regulatory arbitrage opportunities as jurisdictions race to establish competing frameworks.
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