The GENIUS Act is not just about stablecoins, it’s about whether Congress can meet the challenge of governing in the age of exponential tech.
Even if you hate crypto, you should want the GENIUS Act to pass.
This isn’t like the first wave of the internet. That era gave us new ways to share information. This one is building entirely new economic infrastructure including programmable money, autonomous markets, intelligent agents, etc.
Technologies like crypto and AI are rewiring the foundations of how value moves, how decisions get made, how systems run. And our laws haven’t caught up. In many cases, they don’t even apply.
So far, we’ve defaulted to letting the executive branch and the courts fill the void. Regulating by enforcement and interpreting outdated laws to cover new realities. That’s not sustainable. It’s not democratic. And it’s certainly not a strategy for American innovation leadership.
It is Congress’s job to set the rules of the road. Preferably before crises hit, and before the courts are forced to guess.
The GENIUS Act is a rare, bipartisan shot at doing something different: proactive, clear, targeted legislation for a transformative tech. It’s how Congress starts building the muscle to govern in this new era where the tools move fast, and the stakes are systemic.