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Billionaire analyst breaks down why the GENIUS Act is indeed genius

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Anushka Basu
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Jul 8, 2025 4:25 PMPublished Jul 8, 2025 4:25 PM
Arthur Hayes argues that the GENIUS Act's push for stablecoins isn't about innovation but about helping banks funnel trillions into government bonds, easing America's debt pressures.
www.thestreet.comBillionaire analyst breaks down why the GENIUS Act is indeed geniusArthur Hayes argues that the GENIUS Act's push for stablecoins isn't about innovation but about helping banks funnel trillions into government bonds, easing America's debt pressures.
Stablecoin Legislation•US Dollar•U.S. Treasury•Devaluation•Bessent•Bitmex•Crypto Legislation•Bonds
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