The Wolf Of All Streets Major Win For Bitcoin And Crypto: Senator Hagerty On His Historic Stablecoin Bill
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Jun 22, 2025 
Senator Bill Hagerty, representing Tennessee and the mastermind behind the GENIUS Act, discusses his recent legislative success for stablecoin regulation. The conversation reveals how this landmark bill could redefine America's financial landscape and diminish the need for central bank digital currencies. Hagerty emphasizes the bipartisan effort and the critical role of stablecoins in improving digital transaction efficiency and privacy. He also shares his optimistic vision for a blockchain-driven future, highlighting the transformative potential for both security and finance.
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Bipartisan Path for Genius Act
- Bipartisan support enabled the Genius Act to advance despite opposition from Senator Warren.
- The legislation provides clear regulatory framework to keep crypto innovation thriving in the US.
Stablecoins Replace CBDCs
- Introducing stablecoin legislation decreases the need for a central bank digital currency (CBDC).
- Stablecoins backed by US government securities will strengthen the dollar's global reserve status.
Level Field for Stablecoin Issuers
- The bill creates a level playing field for banks and non-banks to issue stablecoins.
- Additional safeguards are required for tech giants due to data and privacy concerns.