Episode 1783 • • 1:25:49 - 1:33:23
1783: Dadgum
The Genius Act, Stablecoin Regulation and Dollar Dominance
President Trump signed The Genius Act into law, providing regulatory clarity for the stablecoin industry. Treasury Secretary Scott Besant stated the bill aims to buttress the dollar's status as a global reserve currency by creating an internet-native payment rail. The hosts note this allows countries like Russia to bypass the SWIFT system using dollar-backed stablecoins without traditional "Know Your Customer" (KYC) requirements.