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OG Club DAO @OgclubDAO on x 5163 followers
Created: 2025-07-22 05:26:21 UTC
First up: the GENIUS Act just dropped in the U.S. It's a stablecoin bill, but with teeth. The wildest part? It explicitly bans Big Tech giants (read: Meta, Apple, Google) from issuing their own stablecoins.
No ZuckBucks. No iCoin. Nothing.
The logic is simple: Keep the money layer neutral. No one wants a world where stablecoins are tied to the same companies that run your phone, feed, and cloud. This is the government learning from the Libra meltdown in 2019 and saying: "Not again."
And for once, it’s not just a banhammer. The GENIUS Act also lays down a clean regulatory path for legit stablecoin issuers- registration, oversight, compliance.
No innovation-choking nonsense. Just clear rules.
Markets liked it too. ETH and stablecoin-adjacent tokens saw a mini pump. Why? Because this kind of clarity gives institutions the greenlight to play.
No one's trying to ape into stablecoins when Meta owns the mint.
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