Fed unveils stablecoin framework under GENIUS Act

The Federal Reserve is fast-tracking a regulatory takeover of stablecoins while the rest of the crypto market remains in legal limbo. By mandating 1:1 backing with government-approved assets and restricting issuance to "approved entities," the GENIUS Act effectively turns stablecoins into a digital extension of the traditional banking system. We are watching the end of decentralized stablecoins in the U.S. Is this the safety we need, or is the Fed just killing innovation?
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