Stablecoins and the 1863 Debt Crisis

Discover how the GENIUS Act, introduced by Senator Bill Hagerty, is shaking up the crypto world by echoing history’s 1863 National Banking Act! This legislation mandates that U.S. stablecoins be fully backed by government debt, creating a captive market for U.S. Treasury securities amid declining foreign demand. But there’s more—tight regulation means only licensed entities can issue stablecoins, centralizing control and surveillance over digital transactions. Is this the government’s modern strategy to manage the debt crisis while restricting financial freedom? Dive into this controversial hot take and see why money has never been a true “store of wealth,” always fluctuating with economic cycles.

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