Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
The Genius Act gives stablecoin holders bankruptcy priority, which may increase the risk of the banking system
Odaily News The Genius Act passed by the U.S. Senate gives stablecoin holders priority claims on their backing assets when the issuer goes bankrupt, which has attracted the attention of the banking and legal circles. Adam Levitin, a law professor at Georgetown University, pointed out that this mechanism may lead to subsidizing the issuance of stablecoins at the expense of bank deposits, which will harm the interests of traditional bank customers, especially when the issuer or custodian bank goes bankrupt.
The bill also stipulates that stablecoins must be backed by highly liquid assets (such as U.S. Treasury bonds), issuers must disclose reserves monthly, and have the ability to freeze tokens. If passed, banks and other entities will be able to legally issue compliant stablecoins.
Industry insiders believe that although the bill is intended to enhance user confidence and strengthen the integration of stablecoins and traditional finance, the arrangement of bankruptcy priority may disrupt the risk structure of the original financial system and become an important turning point in the development and regulatory coordination of stablecoins. (DL News)
You may also like
High ETH BTC Price Ratio: What It Means for Traders in 2026
Explore why the eth btc price ratio just hit a 10-week high in April 2026. We analyze the massive ETH ETP inflows and what this historic pivot means for your trading strategy this year. Is Ethereum finally ready to outpace Bitcoin?
What Is the New York Lawsuit Against Coinbase? Is Your Crypto Safe After the April 2026 Case
Wondering why New York sued Coinbase and Gemini in April 2026? Here's what the lawsuit means, whether your crypto funds are safe right now, and what could change for crypto users next.
Finally, Polymarket is teaming up with Kalshi to take a bite out of this cake
ENI officially announces the completion of its strategic brand upgrade: advancing from a foundational protocol to a global institutional-level financial new infrastructure
The person who brings Web3 closest to AI
MYX Case Analysis: The Complete Harvesting Tactics Behind the Fake Surge of Cryptocurrency Tokens
Gate founder Dr. Han: The crypto winter drives structural reshaping, and everything on-chain will become a new paradigm in finance
Is XRP a Good Investment in 2026? Why Is It Stuck at $1.45
XRP is up 6.7% this week, but exchange reserves remain high. Is a volatility spike imminent? We analyze price trend, ETF inflows, whale activity, and regulatory catalysts to answer: will XRP go up, why is XRP dropping, and is XRP a good investment right now?
FC Barcelona vs Celta Vigo: Can Anyone Stop Barcelona at Home?
FC Barcelona vs Celta Vigo lineups, standings, and stats for April 22, 2026. FC Barcelona need a win to stay on track for the La Liga title. Full preview inside.
Carl Moon & WEEX Head to Mugello: The Crypto Trader's Ferrari Challenge
Forget the sidelines. WEEX is hitting the 300km/h mark at Mugello this weekend. Witness Carl Moon’s transformation from a supermarket cashier to a Ferrari racer, and discover why the world’s fastest trading floor belongs on the world’s most technical track at the official Ferrari Challenge.
How to Become a Pro Crypto Trader: WEEX Interview with Ferrari Racer Carl Moon
Ferrari racer Carl Moon on mastering crypto trading: 80/20 rule, AI tools, Bitcoin at $95K, and risk lessons from the track.
Morning Report | Amazon increases investment in Anthropic up to $25 billion; SEC plans to introduce an "innovation exemption" mechanism to support compliant on-chain trading of tokenized securities
Jeff Hoffman, founder of Booking.com: How Web3 and AI are reshaping the trillion-dollar social travel market
Top 12 Cryptocurrencies to Invest in April 2026
Key Takeaways: Bitcoin remains the dominant player with a $1.42 trillion market cap. Hyperliquid’s HYPE token gains traction,…
18 Best Crypto & Bitcoin Casinos in March 2026
Key Takeaways: Cryptocurrencies offer faster, cheaper, and more private payment options in online casinos. Top crypto casinos include…
Full Post-Mortem of the KelpDAO Incident: Why Did Aave, Which Was Not Compromised, End Up in Crisis Situation?
Key Takeaways: The KelpDAO incident exposed vulnerabilities in collateral pricing and cross-chain bridge operations, affecting Aave’s liquidity. rsETH…
Is MicroStrategy’s STRC Bitcoin’s Savior or Destroyer?
Key Takeaways: MicroStrategy’s STRC offers an annualized yield of 11.5%, driving significant Bitcoin buying pressure. Michael Saylor’s financial…
Ceasefire Expiration and Market Response: Bitcoin Defies Market Trends
Key Takeaways: The current ceasefire agreement is anticipated to expire on Wednesday in Washington, with low likelihood of…
High ETH BTC Price Ratio: What It Means for Traders in 2026
Explore why the eth btc price ratio just hit a 10-week high in April 2026. We analyze the massive ETH ETP inflows and what this historic pivot means for your trading strategy this year. Is Ethereum finally ready to outpace Bitcoin?
What Is the New York Lawsuit Against Coinbase? Is Your Crypto Safe After the April 2026 Case
Wondering why New York sued Coinbase and Gemini in April 2026? Here's what the lawsuit means, whether your crypto funds are safe right now, and what could change for crypto users next.
App