Jeremy Kranz emphasizes that privately-issued stablecoins, labeled as ‘central business digital currencies’, could impose financial control akin to CBDCs. He urges investors to scrutinize the details and understand risks including potential bank runs.
Following the passing of the GENIUS stablecoin bill in the U.S., debate has surged over its regulatory implications. This legislation aims to clarify stablecoin regulations, yet some lawmakers express concerns about its potential transition towards a cashless society.
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