It would take a genius to regulate stablecoins, and this isn’t it
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最新报道：If this Congress is remembered for anything, it might be for poorly named legislation. First there was the "One Big Beautiful Bill," which wasn't. Now there's the "Genius Act," which isn't either. The "Guiding and Establishing National Innovation for US Stablecoins Act," passed by Congress this week, will regulate stablecoins and effectively transform them from securities to means of payment. While some regulation is necessary because some retailers are considering issuing their own stablecoins, mainstreaming cryptocurrencies is hardly a genius move.
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