Stablecoin regulation is not about consumer protection: it is about the dollar

crypto.news Editorial

(10:56 AM UTC)

1 min read

The GENIUS Act mandates Treasury bill reserves. FASB wants stablecoins counted as cash. The Treasury is writing enforcement rules for January 2027. Every provision points the same direction, and it is not toward protecting retail investors.

Summary

The GENIUS Act requires payment stablecoin issuers to hold reserves in U.S. Treasury bills, insured bank…

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crypto.news Editorial · crypto.news

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