Author Archive
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Aug 7, 2025The GENIUS Act defines a payment stablecoin as a digital asset that trades on a public distributed ledger that is designed to facilitate payment. It must be redeemable for currency... -
Aug 4, 2025Government regulation of financial institutions is expensive and there is no reason to think regulation of payment stablecoins is going to be cheap. Drafting, issuing and refining... -
Jul 22, 2025The recently passed GENIUS Act of 2025 creates a new legal framework for licensing and regulating payment stablecoin issuers. The Act is explicit in stating that an insolvent payment...
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Apr 25, 2025Congress made the Federal Reserve independent of the executive branch to keep presidents from manipulating interest rates to win elections. But the Fed is not independent...
