The recent passage of the GENIUS Act has established a framework for banks and financial institutions to issue stablecoins, a type of cryptocurrency, that are backed by a one-to-one equivalent of US dollars or Treasury bills. This move is likely to more than double the current money supply, potentially leading to a 50% increase in inflation, resulting in a 50% decrease in the purchasing power of cash.
US Genius Act
- Thread starter ftan42
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trump is just a conman.......
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