BNY’s Stablecoin Fund: The GENIUS Act’s New Best Friend 🧠💰
Crypto analyst WrathofKahneman notes that the GENIUS Act has officially placed stablecoin reserves under regulated banking oversight, requiring issuers to adopt compliant, tightly supervised structures. Or, as the Act’s creators might say, “We’re not the ones who broke the system, we’re just here to make sure it’s properly taxed.” 🧠💸




