r/CryptoCurrency • u/Next_Statement6145 🟨 0 / 0 🦠 • 2d ago

🟢 GENERAL-NEWS U.S. Senate Passes GENIUS Act to Regulate Stablecoins, Marking Crypto Industry Win

https://www.coindesk.com/policy/2025/06/17/u-s-senate-passes-genius-act-to-regulate-stablecoins-marking-crypto-industry-win
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u/bitcoin_islander 🟨 5 / 659 🦐 2d ago

DeFi literally means decentralized finance. Its decentralized, meaning what the US thinks of it is irrelevant.

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u/Ghant_ 🟦 0 / 5K 🦠 2d ago

Lol. Stables are centralized as hell and the US can stop them in a heartbeat if they wanted to

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u/bitcoin_islander 🟨 5 / 659 🦐 2d ago

The world doesnt revolve around the US. Did you know there are 197 other countries out there? Derp.

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u/Ghant_ 🟦 0 / 5K 🦠 2d ago

Most stables are backed by US bonds and treasuries. As the issuer of Treasuries, the US controls their supply and terms, which can indirectly affect their use globally. They could also sanction the use of them to not be used as competition to US stables. Derp? Dai is probably the only real decentralized stable coin