The GENIUS Act and the Wild West of crypto
If Congress passes the GENIUS Act, banks will be allowed to issue their own cryptocurrency, as long as it’s tied to a stable asset like the dollar. But some economists warn it could have very unstable outcomes.
Guests
Barry Eichengreen, professor of economics and political science at the University of California, Berkeley. Author of a New York Times guest essay “The Genius Act Will Bring Economic Chaos.”
Zeke Faux, investigative reporter at Bloomberg News. Author of “Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall.”
Also Featured
Dante Disparte, chief strategy officer and head of Global Policy for Circle.
Transcript
Part I
MEGHNA CHAKRABARTI: Someone must be rather pleased with themselves for coming up with the official…
