In recent commentary, Murphy has said that the GENIUS Act—by imposing 100% reserve requirements on USD stablecoins—is much stricter than the regulations on conventional banks. In this episode, he spells out his argument.
In recent commentary, Murphy has said that the GENIUS Act—by imposing 100% reserve requirements on USD stablecoins—is much stricter than the regulations on conventional banks. In this episode, he spells out his argument.