geniusactdebate
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📌 Critics say the GENIUS Act could mirror the 2000 'wildcat banking' era—unintended loopholes and corruption risk from stablecoin politicization.
🧠 Clarity or chaos? What if the cure is worse than the disease?
😂 Stablecoins in power suits—until they take off the mask.
🔗 Trade stable assets: $USDC
#GENIUSActDebate #StablecoinRisks
🧠 Clarity or chaos? What if the cure is worse than the disease?
😂 Stablecoins in power suits—until they take off the mask.
🔗 Trade stable assets: $USDC
#GENIUSActDebate #StablecoinRisks
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Stablecoin giant 'Circle' wants to have its own bank and applies for a national credit license
A few weeks after its massive initial public offering, #Circle announced on Monday, the issuer of the stablecoin $USDC , that it is seeking approval from the Office of the Comptroller of the Currency (OCC) to launch a national credit bank.
Circle is seeking to establish Fi,rst N,ational D,igital Curr,,ency Bank, N.A., which will be subject to oversight by the Office of the Comptroller of the Currency and will oversee the management of reserves backing $USDC
Circle is seeking to establish Fi,rst N,ational D,igital Curr,,ency Bank, N.A., which will be subject to oversight by the Office of the Comptroller of the Currency and will oversee the management of reserves backing $USDC
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#GENIUSActDebate
The BankingGOP is now planning to abandon its discussion draft of the market structure next week after further refinement, although it had originally been aiming for this week.
Meanwhile, the House of Representatives Media and Oversight Subcommittee has rescheduled its hearing on building a 21st-century cryptocurrency fiscal policy framework for next Wednesday the 16th, right in the middle of "Cryptocurrency Week."
For those asking about GENIUS, as part of Cryptocurrency Week, the House plans to subject it to a full vote next week, along with CLARITY and the State Anti-CBDC Surveillance Act. If GENIUS is approved, it will go to President Trump's desk. CLARITY and the Anti-CBDC Act will move to the Senate.
$XRP
The BankingGOP is now planning to abandon its discussion draft of the market structure next week after further refinement, although it had originally been aiming for this week.
Meanwhile, the House of Representatives Media and Oversight Subcommittee has rescheduled its hearing on building a 21st-century cryptocurrency fiscal policy framework for next Wednesday the 16th, right in the middle of "Cryptocurrency Week."
For those asking about GENIUS, as part of Cryptocurrency Week, the House plans to subject it to a full vote next week, along with CLARITY and the State Anti-CBDC Surveillance Act. If GENIUS is approved, it will go to President Trump's desk. CLARITY and the Anti-CBDC Act will move to the Senate.
$XRP
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