🚨 Crypto vs. Banks: The U.S. Stablecoin Showdown! 🚨

The crypto world is pushing back as traditional banks try to rewrite the GENIUS Act, the U.S. stablecoin law signed by President Trump (July 2025). This law mandates:

✅ Stablecoins must be fully backed by low-risk assets (like U.S. Treasuries)

✅ Monthly public disclosure of reserves

💣 What Banks Want:

🏦 The American Bankers Association & state banking groups want to repeal key sections

⚠️ Claim: Certain rules favor stablecoin issuers over banks

⚠️ Concern: Could impact credit flow & deposits

🛡 Crypto Fights Back:

🔗 Crypto Council for Innovation & Blockchain Association sent a joint letter to the Senate

✅ Demand: Reject proposed changes

💡 Reason: Repealing key provisions would stifle innovation & limit consumer choice

🔥 Why It Matters:

Outcome = Future of U.S. stablecoins

Stablecoin clarity = faster adoption & innovation

Banks’ victory = protection for traditional finance, but slower crypto growth

🔮 Impact:

📈 Crypto-positive: Law stands → Regulatory clarity → Adoption boost

⚖️ Bank-friendly: Sections repealed → Traditional banking safety → Innovation slowdown

💥 #GENIUSAct #CryptoRegulation2025 #CryptoCouncil #BankingVsCrypto #StablecoinAdoption