Nope.
US Dollar stablecoins will hasten the demise of the dollar as private companies compete with the Fed to flood the economy with trillions more ersatz, fiat nonsense, conjured from thin air.
It’s a distraction from the true task at hand, accumulating Bitcoin in a strategic reserve.
Tonight, the Senate moved forward on the GENIUS Act. This groundbreaking, bipartisan legislation will bring America’s payment system into the 21st century.
The GENIUS Act skyrockets the United States with a digital payment framework with the fastest rails possible. It will ensure U.S. dollar dominance. Customers will be protected, the demand for U.S. treasuries will balloon to the tune of more than $1 trillion, and innovation in the digital asset space will thrive in the United States going forward.
I look forward to making history with my colleagues this week.
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