Navigating Crypto Legislation: The Genius Act and Political Dynamics

This chapter examines the proposed Genius Act aimed at consumer protections for stablecoins amidst the challenging political landscape surrounding cryptocurrency legislation. It discusses perceptions of Bitcoin in American politics, particularly its association with the Republican party, and highlights the implications for future political strategies regarding pro-crypto policies. Additionally, the chapter critiques the evolving discourse on Central Bank Digital Currencies (CBDCs) and their impact on traditional banking, emphasizing the importance of balancing regulation with the benefits of decentralized finance.

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