Stablecoin rules become entry barrier: Legacy finance cements control
A once-promising regulatory gateway now faces unforeseen restrictions. The GENIUS Act Paradox: Why Federal Regulation Is the Ultimate Exit Ramp for Decentralized Issuers Washington has finally validated the stablecoin industry by transforming it into a permissioned extension of the federal banking system. The enactment of the GENIUS Act marks the end of the "wildcat" era for digital dollars, replacing permissionless innovation with a high-stakes compliance regime. While industry proponents celebrate the arrival of a federal framework, the structural reality is far more clinical: the U.S. government is effectively outsourcing the digital expansion of the dollar to the legacy financial cartel. The emerging framework channels innovation toward established financial incumbents. ⚡ Strategic Verdict ...