Did Passage Of The Genius Act Allow Stablecoins To Replace The Dollar [View all]
Stablecoin TETHER is now the #4 purchaser of US Treasurys. Krasnov and others in his cult have boldly stated that the United States will be the Crypto Capital of the world. I know that Krasnov has been pushing Powell hard to cut interest rates clear down to 1% to weaken the dollar and strengthen Crypto.
The Genius Act which was passed with bipartisan support ties the dollar to Crypto, banks will have to back Crypto which will deplete the amount of their reserves, there will be less money in the bank for domestic loans.
I admit that I don't know shit about Crypto but I believe that passage of the Genius Act was a huge mistake allowing Stablecoins to purchase our debt.
https://www.msn.com/en-us/money/markets/stablecoins-are-set-to-reshape-the-multitrillion-dollar-us-treasury-market/ar-AA1L9HdD?ocid=msedgdhp&pc=HCTS&cvid=267642467b504255aed0f4433aa6cb13&ei=19
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