- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Circle executive: A provision in the GENIUS Act aims to prevent large technology companies and banks from dominating the stablecoin market
Odaily News Dante Disparte, chief strategy officer of Circle, said on the Unchained podcast that the GENIUS Act contains a little-known provision aimed at preventing big tech and Wall Street giants from dominating the stablecoin market. Any non-bank institution that wants to issue a token pegged to the US dollar must set up an independent entity that is more like Circle than a bank, clear antitrust obstacles, and accept a veto from the Treasury Committee. Disparte pointed out that lenders that issue stablecoins must hold them in legally independent subsidiaries and put these stablecoins on their balance sheets that take no risk, provide no leverage, and provide no loans. This structure is even more conservative than the deposit token model proposed by JPMorgan and other institutions. He added: It sets clear rules, and I think the biggest winners in the end are American consumers and market participants, and frankly, the dollar itself. (Cointelegraph)
You may also like
The Israeli military is hunting a mole on Polymarket
Q4 $667M Net Loss: Coinbase Earnings Report Foreshadows Challenging 2026 for Crypto Industry?
BlackRock Buying UNI, What's the Catch?
Lost in Hong Kong
Gold Plunges Over 4%, Silver Crashes 11%, Stock Market Plummet Triggers Precious Metals Algorithmic Selling Pressure?
Coinbase and Solana make successive moves, Agent economy to become the next big narrative
Aave DAO Wins, But the Game Is Not Over
Coinbase Earnings Call, Latest Developments in Aave Tokenomics Debate, What's Trending in the Global Crypto Community Today?
ICE, the parent company of the NYSE, Goes All In: Index Futures Contracts and Sentiment Prediction Market Tool
On-Chain Options: The Crossroads of DeFi Miners and Traders
How WEEX and LALIGA Redefine Elite Performance
WEEX x LALIGA partnership: Where trading discipline meets football excellence. Discover how WEEX, official regional partner in Hong Kong & Taiwan, brings crypto and sports fans together through shared values of strategy, control, and long-term performance.
Best Crypto to Buy Now February 10 – XRP, Solana, Dogecoin
Key Takeaways XRP is set to revolutionize cross-border transactions, potentially reaching $5 by the end of Q2 with…
Kyle Samani Criticizes Hyperliquid in Explosive Post-Departure Market Commentary
Key Takeaways: Kyle Samani, former co-founder of Multicoin Capital, publicly criticizes Hyperliquid, labeling it a systemic risk. Samani’s…
Leading AI Claude Forecasts the Price of XRP, Cardano, and Ethereum by the End of 2026
Key Takeaways: XRP’s value is projected to reach $8 by 2026 due to major institutional adoption. Cardano (ADA)…
Bitcoin Price Prediction: Alarming New Research Cautions Millions in BTC at Risk of ‘Quantum Freeze’ – Are You Ready?
Key Takeaways Quantum Threat to Bitcoin: The rise of quantum computing presents a unique security challenge to Bitcoin,…
XRP Price Prediction: Could XRP Ultimately Surpass Bitcoin and Ethereum?
Key Takeaways XRP has maintained a strong position despite a recent 12% drop, suggesting potential for growth. Analyst…
Best Crypto to Buy Now February 6 – XRP, Solana, Bitcoin
Key Takeaways The cryptocurrency market is experiencing pressure due to a technology-sector selloff, affecting digital assets like Bitcoin.…
South Korea Broadens Crypto Market Investigation Following Bithumb’s $44 Billion Bitcoin Error
Key Takeaways South Korea intensifies scrutiny on cryptocurrency exchange operations after Bithumb’s significant Bitcoin transaction error. Regulatory bodies,…
App