- They can't be used for illicit finance because the regulated institutions can prevent transfers to whatever address facilitated criminal activity. The GENIUS Act makes it easier to track illicit finance actually (to the chagrin of crypto purists)
- The point of the bill is to regulate the assets backing stablecoins, so i don't understand the "stablecoin goes illiquid" scenarios in the video
Terrible idea
https://youtu.be/r_AtgPWRpd0?si=_TVM69DLncygi-EX
- They can't be used for illicit finance because the regulated institutions can prevent transfers to whatever address facilitated criminal activity. The GENIUS Act makes it easier to track illicit finance actually (to the chagrin of crypto purists)
- The point of the bill is to regulate the assets backing stablecoins, so i don't understand the "stablecoin goes illiquid" scenarios in the video
Interesting I shall take a look.