#geniusactdebate
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
#china speeding fast in the digital money arena. On January 1, 2026, China's Bank of the People granted commercial banks the authority to pay interest on e-CNY deposits, transforming it from mere "digital cash" into a "digital deposit currency" that directly competes with U.S. stablecoins that do not pay interest. Coinbase CEO Brian Armstrong warned on X that U.S. policies restricting interest payments on stablecoins could give China a competitive advantage in the global market.
Coinbase executives, including Chief Policy Officer Faryar Shirzad, also emphasized that such a ban could weaken the dominance of the U.S. dollar and provide a significant boost to CBDCs and non-U.S. stablecoins.
Thus, China's move is seen as a direct challenge to the stability and position of the dollar in digital finance. $US
#GENIUSActDebate
Coinbase executives, including Chief Policy Officer Faryar Shirzad, also emphasized that such a ban could weaken the dominance of the U.S. dollar and provide a significant boost to CBDCs and non-U.S. stablecoins.
Thus, China's move is seen as a direct challenge to the stability and position of the dollar in digital finance. $US
#GENIUSActDebate
#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
Reviewing the entire modern history, you will find a terrifyingly simple rule:
Whoever sets the next generation of "protocol/standard layer" holds the dominant power of a certain system in the next generation.
This is not a theory; it is a reality that has been repeatedly verified over the past few decades:
Who set the standards for TCP/IP? — The United States.
As a result, who holds the power of global internet infrastructure? The United States.
Who leads SWIFT? — The U.S. camp.
Therefore, the settlement rights, freezing rights, and sanction rights of the global banking system are naturally in the hands of the United States.
Who established the GAAP accounting standards? — The United States.
Subsequently, the global corporate financial reporting system speaks its language.
These things look like technology, like processes, like rules...
Essentially, they are all the "source code of the operational rules of next-generation wealth."
And why is the United States so actively promoting the Genius Act and Project Crypto this year?
The reason is very straightforward:
The United States wants to establish the underlying standards for the next generation of the "crypto asset era" in advance.
Whoever writes the standards writes the power structure of the future financial system.
There has never been an exception in history.
$BTC $ETH $BNB
#GENIUSActDebate #ProjectCrypto🔥🔥
Whoever sets the next generation of "protocol/standard layer" holds the dominant power of a certain system in the next generation.
This is not a theory; it is a reality that has been repeatedly verified over the past few decades:
Who set the standards for TCP/IP? — The United States.
As a result, who holds the power of global internet infrastructure? The United States.
Who leads SWIFT? — The U.S. camp.
Therefore, the settlement rights, freezing rights, and sanction rights of the global banking system are naturally in the hands of the United States.
Who established the GAAP accounting standards? — The United States.
Subsequently, the global corporate financial reporting system speaks its language.
These things look like technology, like processes, like rules...
Essentially, they are all the "source code of the operational rules of next-generation wealth."
And why is the United States so actively promoting the Genius Act and Project Crypto this year?
The reason is very straightforward:
The United States wants to establish the underlying standards for the next generation of the "crypto asset era" in advance.
Whoever writes the standards writes the power structure of the future financial system.
There has never been an exception in history.
$BTC $ETH $BNB
#GENIUSActDebate #ProjectCrypto🔥🔥
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