⚖️ “Libra Clause” Targets Big Tech in Stablecoin Crackdown

🧨 The new GENIUS Act just dropped a bomb on Big Tech’s stablecoin ambitions.

🚫 Tech giants & banks can’t dominate the stablecoin market anymore—Meta, this means you.

🏛️ Both banks and non-banks must now create separate entities to issue stablecoins to avoid monopolies.

📉 Yield-bearing stablecoins? Also under fire—this could push big players toward DeFi for returns.

🎙️ Circle’s Dante Disparte calls it the “Libra clause”—a direct hit on Meta’s failed stablecoin project.

👀 This isn’t passive regulation anymore. Regulators now have veto power.

#Stablecoins #CryptoRegulation #GENIUSAct #Meta #Libra #Circle #DeFi #CryptoNews