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LudwigPastorius

(12,989 posts)

10. The so-called GENIUS Act has some good parts (requiring liquid reserve for all stablecoins issued), but...

Reply to RoseTrellis (Original post)

Tue Jul 22, 2025, 01:03 AM

Tuesday

this* was bullshit.

*All stablecoin issuers must possess the technical capability to seize, freeze, or burn payment stablecoins when legally required and must comply with lawful orders to do so.

It basically makes the government capable of disappearing your assets if it deems you a criminal. No chance THAT will be abused! Right?

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Hugin

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Highlight:

Progressives are losing the crypto future [View all] RoseTrellis Monday OP

Nope, I give my 21 and 22 year old gsons cash for presents with the only caveat on the money is that they not do crypto. efhmc Monday #1

The article lost me at tech-savvy conservatives... Hugin Monday #2

Oh no! should we "ACT NOW!" or risk losing out on this once in a lifetime DEAL!? Think. Again. Monday #3

the latest snakeoil, mostly used for nefarious means, and brutal on our environment NewHendoLib Monday #4

A financial problem such as a depression or recession will kill cyrpto. Jacson6 Monday #5

I havne't had the need to do any money laundering lately. BannonsLiver Monday #6

Why is crypto a political issue or led by one party? Melon Monday #7

I don't want to live in a nation that takes crypto seriously. hunter Monday #8

Crypto KentuckyWoman Tuesday #9

The so-called GENIUS Act has some good parts (requiring liquid reserve for all stablecoins issued), but... LudwigPastorius Tuesday #10

I think the volatility and still limited use cases scares many older folks away fujiyamasan Tuesday #11

Klepto, gypto, crypto. oasis Tuesday #12

When my landlord accepts Whatevercoins for the rent, the grocery store accepts Buns_of_Fire Tuesday #13

Happen 15 years ago. RoseTrellis Wednesday #14

Whole Foods takes Cripto in a sort of way womanofthehills Wednesday #15