Stablecoins Surge as US Banks Magnet
Patrick Witt, White House Council of Advisors for Digital Assets, argues stablecoins boost US bank deposits via foreign demand, countering fears they’ll drain funds. #Update #Crypto
Genius act
XRP Attorney Deaton Highlights Bankers’ Influence
Faryar Shirzad of @Coinbase highlights Senate debates on stablecoin rewards in the GENIUS Act, warning against aiding China’s Digital Yuan efforts. #Update #Crypto
Crypto Giants to Dominate US Treasuries
Senator Bill Hagerty predicts stablecoin issuers will become the largest holders of US Treasuries, as his GENIUS Act advances in Congress to regulate stablecoin reserves. #Update #Legal (+6) ↗
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