🕙The new GENIUS Act just dropped a bomb on Big Tech’s stablecoin dreams.

🚫It bans tech giants and banks from dominating the stablecoin market—looking right at you, Meta.

➡️Both banks & non-banks must spin up separate entities to issue stablecoins, avoiding monopoly risks.

📉Yield-bearing stablecoins? Also getting clipped—could push big players toward DeFi for returns.

🎙️Circle’s Dante Disparte calls it the “Libra clause”—a direct shot at Meta’s failed digital dollar play.

👀Regulators aren't just watching now—they’ve got veto power.#GENIUSAct