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The GENIUS Act and the Wild West of crypto

The GENIUS Act and the Wild West of crypto

If Congress passes the GENIUS Act, banks will be allowed to issue their own cryptocurrency, as long as it’s tied to a stable asset like the dollar. But some economists warn it could have very unstable outcomes.

On Point with Meghna Chakrabarti · WBUR

July 11, 202546m 5s

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Show Notes

If Congress passes the GENIUS Act, banks will be allowed to issue their own cryptocurrency, as long as it’s tied to a stable asset like the dollar. But some economists warn it could have very unstable outcomes.

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