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Originally Posted by MorTech
The bill goes to Trump tomorrow and will be signed into law.
Stablecoin will boost demand for US Treasuries and anyone on Earth with internet access can participate. USD demand will boom whilst City of London cries. This is a good thing.
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Shadow SEC Statement No. 6: The Not-So-GENIUS Act | CLS Blue Sky Blog
Fourth, the exemptions in the bill are far too generous. The omission of an audit requirement for issuers of up to $50 billion is in striking contrast to how even small banks are regulated. Audits are fundamental and should not be optional for any but the smallest financial firms.
Geez, just think about TVH, should they have gotten an audit to be found overcoming and reaping lots of extra fees?
crypto is just a currency with designed for secrecy, ideal for illegal activities.
definitely shades of 476AD
not participating