the genious act - GENIUS Act Could Unlock $1.2T in U.S. Credit by 2030
The banks lobbying against the $GENIUSAct just got hit with a detailed rebuttal backed by data. Galaxy Digital’s Head of Research, Alex Thorn, has published what he calls the most comprehensive model of stablecoins’ impact on Treasury markets and bank deposits. The conclusions directly contradict the banking industry’s core arguments against stablecoin regulation. Crypto regulation news today has a new data point that policymakers cannot ignore.