Senate Greenlights GENIUS Act—Stablecoin Rules Now Inevitable
Washington finally moves to tame the crypto wild west—just as Wall Street finishes building its backdoors into the system.
The GENIUS Act clears its first major hurdle, setting the stage for regulatory clarity that’ll please institutional investors while doing little to curb their usual shenanigans.
Brace for a flood of ’compliant’ stablecoins—and the inevitable loopholes that’ll let TradFi giants play by different rules.