Layer2Geek
Several senior executives in the crypto industry have recently spoken out, expressing concerns about the proposed amendments to the 《GENIUS Act》. If this legislation truly restricts the yield mechanisms of stablecoins, the consequences could be more severe than anticipated.
Their core point is straightforward: such regulatory measures might actually weaken the United States' position in the global financial system. Why? Because the market will vote with its feet. When stablecoins in the U.S. lose their appeal, funds are likely to flow to other options—such as overseas digital currency products
View OriginalTheir core point is straightforward: such regulatory measures might actually weaken the United States' position in the global financial system. Why? Because the market will vote with its feet. When stablecoins in the U.S. lose their appeal, funds are likely to flow to other options—such as overseas digital currency products