StablecoinLaw

The new GENIUS Act now demands 100% reserves for stablecoin issuers—this could reshape DeFi and impact your portfolio! Dive into the breakdown below:

💡 What It Means:
• Issuers must hold full reserves, changing how liquidity and risk are managed
• Expect shifts in stablecoin circulation and increased scrutiny on asset-backing

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Several conspiracy theories have emerged regarding Donald Trump's signing of the GENIUS bill on stablecoins.
Below are the key theories that have been discussed in top media and crypto communities:
Masked CBDC
Some believe GENIUS is introducing a digital dollar (CBDC) under the guise of "private stablecoins," with strict KYC/AML requirements and the ability for the U.S. Treasury to freeze and reverse transactions.
Trump's Crypto Business
Critics suggest the bill could allow Trump’s family to benefit from loopholes, letting them earn millions through crypto ventures like World Liberty Financial and its USD1 stablecoin.
Removing the Fed from the Picture
The bill prohibits the Federal Reserve from issuing a competing digital dollar, transferring digital emission control to private banks, which could lead to financial instability.
Permanent Buyer of U.S. Bonds
The bill requires stablecoin reserves to be held in U.S. short-term Treasury bonds, positioning issuers as liquidity providers for U.S. debt, possibly filling the void left by foreign buyers.
Corporate Feudalism by Amazon/Walmart
GENIUS makes it easier for corporations like Amazon and Walmart to issue their own stablecoins, which could be used exclusively within their ecosystems, limiting liquidity.
Great Reset Puzzle
Anti-MWF forum members see GENIUS as part of the "Great Reset," aiming for a fully digital economy tied to individuals' ESG profiles and social scores.
Treasury’s Kill Switch
Stablecoins could be frozen, confiscated, or burned upon government orders, giving the Treasury significant control over users' assets.
Sanctions 2.0
With GENIUS, the U.S. Treasury would have direct power to restrict access to stablecoins, bypassing SWIFT and increasing U.S. global influence by controlling financial transactions.
Timer for a New Crisis
If stablecoin holders demand redemptions in real dollars, issuers may need to sell U.S. bonds in large quantities, destabilizing the bond market and triggering a financial crisis.
Return to the Gold Standard
Some see GENIUS as a move to eliminate the Federal Reserve and return to a gold-backed system, where private stablecoins replace the dollar.
Crypto Lobby Bought the Law
Large exchanges like Coinbase and Binance allegedly influenced the creation of the law, which favors their business models and limits competition from smaller players.
Gateway for Money Laundering
While GENIUS claims to enforce strict AML standards, critics argue the law will be selectively applied, creating loopholes for corruption and illicit transactions.
Hyperinflation and the End of the Middle Class
Critics argue that GENIUS could lead to hyperinflation, as stablecoin issuers would essentially print money by buying more short-term government bonds, pushing up inflation and eroding middle-class wealth.
Big Tech & Wall Street Monopoly
By setting high compliance standards, the law could exclude startups, leaving only large corporations like Apple and JPMorgan to dominate the stablecoin market, exacerbating inequality.

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Banks Are All In on Stablecoins—Here’s What They’re Saying and Why It Matters

Wall Street just got serious about digital dollars. In mid‑July, Congress passed the GENIUS Act, clearing the way for banks to issue dollar‑pegged tokens, and CEOs at JPMorgan, Citi, Goldman Sachs, Bank of America, and Morgan Stanley used their Q2 earnings calls to outline their next moves:

JPMorgan launched its own “JPMD” deposit token and will explore both bank‑backed coins and open stablecoins to stay competitive.

Citi is already live with “Citi Token Services” in four markets and intends to roll out a full‑blown Citi stablecoin for 24/7 cross‑border payments.

Goldman Sachs has mobilized internal teams to study stablecoin opportunities, seeing potential in faster funding and settlement.

Bank of America is cautiously building partnerships but waits for clearer client demand and legal guardrails.

Morgan Stanley is in observation mode, actively discussing use cases but has no public product yet.

This coordinated pivot shows that banks no longer view stablecoins as a threat—but as a critical piece of tomorrow’s payments infrastructure. As regulation and technology catch up, expect your next money transfer to look a lot more like crypto.

Source: Business Insider (Emmalyse Brownstein)

Credit: AP Images

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