States Now Run Stablecoins? SHADYY!!!


Now, there appears to be this, the GENIUS Act. It was passed by Congress. A crypto bill. If you ask me what the name is, it sounds smart, but kind of sus.

So, there's stablecoins. I don't care about them unless they affect trading. And they do. Like if stablecoins are messy, ur meme bags are rugged. Liquidness runs thin. You’re staring at a 97% drop, wondering why you thought a dog with sunglasses would 10x.

Back to the bill states can approve stablecoin issuers. No fed-level boss. This is weird, isn't it? How would Wyoming and New York play gatekeeper? One lets anything fly, one might throw your wallet in jail. No chill.Also, they completely banned CBDCs. Nope. I understand the privacy thing, but... does the public really have options?

 

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The whole thing seems like someone copy-pasted “freedom” over some very corporate moves. Big boys are prob clapping. Small devs? They ain’t so much.

But nobody speaks to how this could bring shady projects out of control if states get lazy. This is not even a stretch. It has been done.

I am not into politics. I like charts and dumb frogs. But this is something that matters anyway. Slowly but surely.

Not financial advice. Its just not advice at all.

 

May your candles be forever green. See ya tomorrow

 

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Manas Sakhuja
Manas Sakhuja

Calesthenics athlete Flutist Entrepreneur of the next gen


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