Slate News Slate Money: We Submit To The AI Overlords
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Jun 21, 2025 The hosts dive into the newly passed GENIUS Act, discussing its potential to reshape crypto regulation and payment processing. They highlight the surprising 400% raise for Dallas Cowboys cheerleaders, reflecting on pay equity in sports. The conversation playfully shifts to AI-generated versions of themselves, tackling the implications of AI in podcasting and the challenge of replicating human authenticity. They also delve into the rising trend of interruptions at work and how AI might help manage them.
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Genius Act Regulates Stablecoins Safely
- The Genius Act will regulate stablecoins like bank accounts with strict reserve requirements.
- Stablecoin issuers must back every dollar with cash or treasury bonds, increasing consumer protection.
Stablecoins as Crypto Resting State
- People hold stablecoins mainly as a crypto "resting state" to avoid crypto price volatility.
- Stablecoins enable quicker trading without converting back to traditional dollars repeatedly.
Retail Stablecoins Could Disrupt Payments
- Retailers like Walmart plan stablecoins to avoid credit card fees and create new payment systems.
- Stablecoins could transform payments into profit centers for major companies.