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Decentralized stablecoin sellouts clinging on US politicians in a desperate attempt to stay relevant and pump their bags claimed the law will make their wrapped tbill coins FDIC-insured legal tender. Here's the result:
1. Not legal tender
2. Not FDIC insured
3. The bags didn't even pump :(
AND actual stablecoin technology (CDP) will be off-boarded from US exchanges
18.6.2025
BREAKING:
The Senate has officially passed the GENIUS act as of today, June 17th.
The GENIUS act creates clear legislation for stablecoins in the US, and will enable a major influx of new stablecoin issuers.
Huge news.
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