Eric Lipton

And the advantage of a stablecoin is once you have a dollar-to-dollar crypto token, you can use it to buy and sell things because it has a reliable value. Right. It is also one of the most profitable chunks of the whole crypto space for companies that issue stablecoins because once they have your money in a stablecoin, they invest your money and they make a lot of yield on it.

And the advantage of a stablecoin is once you have a dollar-to-dollar crypto token, you can use it to buy and sell things because it has a reliable value. Right. It is also one of the most profitable chunks of the whole crypto space for companies that issue stablecoins because once they have your money in a stablecoin, they invest your money and they make a lot of yield on it.

And the advantage of a stablecoin is once you have a dollar-to-dollar crypto token, you can use it to buy and sell things because it has a reliable value. Right. It is also one of the most profitable chunks of the whole crypto space for companies that issue stablecoins because once they have your money in a stablecoin, they invest your money and they make a lot of yield on it.

And you don't get that yield. You don't get the interest on your money. They take it. And so it's a very profitable part of the business. But it has been held back because in the United States, the Federal Reserve and the Treasury have been concerned about Could stable coins represent a threat to the economy?

And you don't get that yield. You don't get the interest on your money. They take it. And so it's a very profitable part of the business. But it has been held back because in the United States, the Federal Reserve and the Treasury have been concerned about Could stable coins represent a threat to the economy?

And you don't get that yield. You don't get the interest on your money. They take it. And so it's a very profitable part of the business. But it has been held back because in the United States, the Federal Reserve and the Treasury have been concerned about Could stable coins represent a threat to the economy?

And so it has not grown as much as it perhaps could if it had some regulatory structure around it. And that's what this act would do.

And so it has not grown as much as it perhaps could if it had some regulatory structure around it. And that's what this act would do.

And so it has not grown as much as it perhaps could if it had some regulatory structure around it. And that's what this act would do.

Why use crypto if you're just building a crypto that's tied to the dollar? It's a very good question. I mean, it is more fluid than a dollar and it can cross borders with fewer restrictions. But that's also one of the concerns is they could be used for money laundering or drug trafficking if it's not properly regulated.

Why use crypto if you're just building a crypto that's tied to the dollar? It's a very good question. I mean, it is more fluid than a dollar and it can cross borders with fewer restrictions. But that's also one of the concerns is they could be used for money laundering or drug trafficking if it's not properly regulated.

Why use crypto if you're just building a crypto that's tied to the dollar? It's a very good question. I mean, it is more fluid than a dollar and it can cross borders with fewer restrictions. But that's also one of the concerns is they could be used for money laundering or drug trafficking if it's not properly regulated.

I mean, the Genius Act would officially recognize stable coins as a functioning part of the financial sector, and it would create some requirements for issuers of the stable coins. The biggest thing that it would do is it would recognize stable coins as a legitimate part of the U.S. financial sector.

I mean, the Genius Act would officially recognize stable coins as a functioning part of the financial sector, and it would create some requirements for issuers of the stable coins. The biggest thing that it would do is it would recognize stable coins as a legitimate part of the U.S. financial sector.

I mean, the Genius Act would officially recognize stable coins as a functioning part of the financial sector, and it would create some requirements for issuers of the stable coins. The biggest thing that it would do is it would recognize stable coins as a legitimate part of the U.S. financial sector.

And it would also be assigned to banks and other financial institutions that you should start to incorporate them into your mix of services. So, The reason it's so important is that the industry is that it would legitimize stable coins and embrace them through an act of Congress.

And it would also be assigned to banks and other financial institutions that you should start to incorporate them into your mix of services. So, The reason it's so important is that the industry is that it would legitimize stable coins and embrace them through an act of Congress.

And it would also be assigned to banks and other financial institutions that you should start to incorporate them into your mix of services. So, The reason it's so important is that the industry is that it would legitimize stable coins and embrace them through an act of Congress.

And so I think that you would see significant growth in the stable coin market in the United States and globally if Congress enacted it.

And so I think that you would see significant growth in the stable coin market in the United States and globally if Congress enacted it.