US regulatory clarity means we'll see a bunch of incumbents with existing distribution launch both chains and stablecoins.

Helping build @midao. Probably on the water if I’m not thinking about crypto. /eagles /betting /off-grid

Agree. The main thing remains the main thing - who’s buying what you’re selling. Stables aren’t it. They’re solved by many.

I don't think there's much innovation needed in stables. Sometimes the simple thing is the the thing.

Happy for Circle and other incumbents that worked hard to cement their success. Now regulation becomes their competitive advantage. Hard to compete unless your extremely well funded. 

While reg clarity is good, we will likely see less innovation in stables now as a Result of GENIUS, the opportunity lies elsewhere.

yes.. it is good even if.. (insert anything, list is long)

this is good right? like for general crypto adoption. 

Even if we don't like the incumbents or whatever...

Good step forward I guess but still don’t fw Robinhood after all the shit they’ve pulled lol.

not sure what to make of it tbh

those incumbents pretty much guaranteed are going to launch permissioned chains if they want to scale it up with tokenized rwa (their "edge"). if it's kyc gated, then there is no advantage of being onchain, plus a somewhat suboptimal ux because it's onchain

This news seems to be bullish to my hearing