iiinova — where your digital self keeps evolving

Reposted by Gail Marlene Schwartz

50501 New York @50501newyork.bsky.social · 04/06/2025

The GENIUS Act—a “crypto regulation bill”—has received attention for failing to address Trump’s conflict-of-interest concerns. It’s so much worse than that. The bill amounts to “a hostile takeover of the money supply”, enabling the privatization of money by Big Tech & undermining the U.S. dollar.

project-syndicate.org

Trump Wants Big Tech to Own the Dollar | by Yanis Varoufakis - Project Syndicate

Yanis Varoufakis explains why a stablecoin bill barreling toward enactment by the US Congress has set central bankers on edge.

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