
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
Audio is streamed directly from the publisher (mgln.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
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.
*** Thank you for listening. Help power On Point by making a donation here: wbur.org/giveonpoint