The GENIUS Act Could Weaken The Global Financial System According To Amundi
Fri 04 Jul 2025 ▪
4
min read ▪ by
As stablecoins gain legitimacy, a US law rekindles the fractures between monetary sovereignty and the supremacy of the dollar. With the GENIUS Act, adopted by the Senate, Washington regulates cryptos backed by the greenback. However, in Europe, the counterattack is organizing. Amundi fears a global destabilization. Behind this legal framework, a monetary offensive with systemic effects is emerging.
In brief
- The GENIUS Act, adopted by the US Senate, aims to regulate dollar-backed stablecoins…
