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Podcast: Unchained
Episode: The U.S. Finally Has Stablecoin Legislation. Can Crypto Compete With Banks?
Description: After years of hostility toward crypto, the U.S. passed its first-ever federal law regarding the industry.
The GENIUS Act, stablecoin legislation backed by both parties, was signed by President Trump’s desk after a last-minute showdown in Congress. Despite being seen as a sure thing, the bill’s path turned turbulent this week, with objections from Democrats over Trump’s crypto ties, and a sudden revolt from the Freedom Caucus around anti-CBDC language.
Now that it’s through, what will this law actually do? And who stands to benefit—or lose?
In this episo...