US EditionThe Senate Just Passed the GENIUS Act—CBDCs in Sheep's Clothing – The Washington Standard
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A few days ago, the U.S. Senate took a historic step by passing the Genius Act, a bill that establishes a clear regulatory framework for stablecoins (also called digital dollars or crypto dollars). While it may seem important only for the U.S. financial system, we who live and work in Latin America know that its impact will be much broader. In the crypto industry we receive this advance with much enthusiasm: it marks the beginning of a new stage…
GENIUS Act Regulatory Clarity Opens Wall Street to Stablecoin Investment
There are turning points in every market cycle – moments when the rules change and fortunes are minted. June 17 was one of those moments. That night, the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act – nicknamed the GENIUS Act – in a decisive 68-30 bipartisan vote. Here’s what happened: Washington finally admitted what technologists have known for a decade. Stablecoins are money-market funds in digi…
The Senate Just Passed the GENIUS Act—CBDCs in Sheep's Clothing – The Washington Standard
While the state weaponizes compliance, we must weaponize freedom On June 18th, while the country was distracted with headlines about Trump and Iran, the U.S. Senate quietly advanced the GENIUS Act—a bill designed to “legitimize” stablecoins, but in reality, it paves the way for a permissioned, surveilled, and tightly controlled digital currency regime. We predicted this. Back in our piece titled “The Great CBDC Bait-and-Switch”, we warned that s…
The encryption money was legitimized by the US government. The main consequence is that traditional banks should enter this market, but their success is uncertain.
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