š HISTORIC WIN: GENIUS Act Clears House as Tim Scott Declares Stablecoin Bill āThe Future of Financeā
Washington just fast-tracked crypto's mainstream momentāwhether Wall Street's ready or not.
The dam breaks: After years of regulatory limbo, the GENIUS Act's House passage marks the first concrete step toward legitimizing stablecoins. Senator Tim Scott's calling it "the bridge between TradFi and DeFi" (while bankers quietly update their resumes).
Why it matters: This isn't just another crypto billāit's a backdoor dollarization play. By anchoring stablecoins to the USD, the US effectively exports its monetary policy to blockchain networks worldwide. Take that, CBDCs.
The cynical take: Of course Congress moved fastānothing inspires bipartisan unity like the chance to tax a $150B market that's been operating right under their noses. Happy hunting, IRS.
