We also know that people are leery of Bitcoin because Bitcoin fluctuates in price. People are afraid of losing their money. So what’s a great “stable” digital currency alternative? you guessed it! stablecoins! And now the banks will be able to easily move people’s deposits to a stablecoin that can be tracked and traced…on chain. Wow. Impressive. 👏…👏…👏
A stablecoin has a better “name”. It’s a digital currency that’s *stable*. It doesn’t extremely fluctuate in price . It’s pegged to the US dollar. It has a better selling point vs Bitcoin that some say “can’t be trusted”. (But these are the same people who still trust in the current financial system 🥴)
The stablecoin, especially USDC, under the GENIUS is basically the equivalent to the CBDC without the negative connotation.
There are too many agendas (around the world) at play.
Currently there’s a delay with the bill being voted on. Don’t be fooled. It’s for pomp and circumstance. It’s s show. I’ll be shocked if the GENIUS Act isn’t signed this week.
A federal law on stablecoins is most likely going to signed. Those who struggle with American government (although it’s a requirement to graduate with a high school diploma 🥴) don’t realize how big this is.
The GENIUS Act is about…stablecoins. Not Bitcoin. The “S” in GENIUS is for Stablecoins. Oh it’s genius alright. It’s brilliant!! 😂
I’m constantly impressed by the powers that be. Many of the ways are wicked. But They are slick and smooth. And consistent!
You would think some of the Bitcoin maxis (especially the loud ones who comment a lot) would’ve figured out a “blues clue” when stablecoins were mentioned countless times at the BTC conference in Las Vegas this year. Stablecoins at a Bitcoin conference? Make it make sense. 🥴
You just can’t make this up. Especially considering Bitcoin was created to bypass financial institutions. In 2025, financial institutions got their hands all up in Bitcoin. 🥴 image