The Senate Just Passed the GENIUS Act—CBDCs in Sheep’s Clothing
On June 18th, while the country was distracted with headlines about Trump and Iran, the U.S. Senate quietly advanced the GENIUS Act—a bill designed to “legitimize” stablecoins, but in reality, it paves the way for a permissioned, surveilled, and tightly controlled digital currency regime. Back in our piece titled “The Great CBDC Bait-and-Switch”, we warned that […]
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