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2025-05-24 00:17:04 UTC

⚯ Michel de Cryptadamus ⚯ on Nostr: New York Times op-ed on the new #stablecoin law (the "GENIUS Act") by Dan Davies, the ...

New York Times op-ed on the new #stablecoin law (the "GENIUS Act") by Dan Davies, the author of probably the best book about financial fraud you'll ever read ("Lying For Money"), hits a lot of the right notes.

> "Stablecoins were supposed to leverage dollars to stabilize the chaotic universe of crypto. Instead, they seem set to infect the dollar-dominated financial system with the unique combined chaos of crypto and Mr. Trump."

* NYT: https://www.nytimes.com/2025/05/23/opinion/trump-crypto-stablecoin.html
* no paywall: https://archive.ph/uiVIq

#crypto #uspol #uspolitics #USD1 #GeniusAct #Trump #DanDavies