CryptoBillInUSA

#CryptoBillInUSA
While the World Focused on Global Turmoil, Congress Quietly Moved to Transform the Future of Money in America...

As headlines were dominated by international conflict and civil unrest on June 12, the U.S. Senate quietly advanced the GENIUS Act (S.1582) — legislation that could dramatically alter the way money operates in the United States. The bill would authorize and regulate stablecoins — digital assets tied to the U.S. dollar but issued by private companies rather than the federal government. If this passes, the impact could be profound: • Major tech and financial firms could create their own versions of digital “dollars” • Money could increasingly be stored in apps and wallets instead of traditional banks • Cash usage might decline rapidly as digital alternatives take over • Power over the financial system could shift from banks to Big Tech and crypto platforms With broad adoption, stablecoins could become the preferred way to hold funds, reducing reliance on conventional bank accounts and granting enormous influence to technology companies and fintech providers. This bill could mark a watershed moment in American monetary policy — enabling private digital currencies to coexist with, or potentially compete against, government-issued cash and banking systems. Yet, despite its far-reaching consequences, this transformation is unfolding with virtually no public scrutiny.
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