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Empire Cross-Post: DC Crypto Week Takeaways With Rebecca Rettig & Alexander Grieve

Bell Curve

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Understanding the Genius Act and Stablecoin Regulation

This chapter explores the passage of the Genius Act and its significant impact on the regulation of stablecoins and digital currencies. It discusses the bipartisan support for the bill, the requirements for stablecoin issuers, and the implications for banks and traditional financial institutions amidst evolving regulations. Additionally, the chapter highlights concerns about consumer privacy, the challenge of competition between banks and crypto platforms, and the future of earnings on stablecoin deposits.

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