Brian Armstrong
👤 SpeakerAppearances Over Time
Podcast Appearances
And so at this point, I think it's foolish to pretend that this isn't happening.
And so at this point, I think it's foolish to pretend that this isn't happening.
And we also, by the way, have the Genius Act.
And we also, by the way, have the Genius Act.
The stablecoin bill is now passed into law.
The stablecoin bill is now passed into law.
So we're not going to undo that.
So we're not going to undo that.
That is law of the land.
That is law of the land.
Congress just put that into law.
Congress just put that into law.
It's correct.
It's correct.
Under the Genius Act that got passed into law last year, U.S.
Under the Genius Act that got passed into law last year, U.S.
regulated stablecoins have to have 100% of the assets stored in short-term U.S.
regulated stablecoins have to have 100% of the assets stored in short-term U.S.
treasuries.
treasuries.