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The stablecoin time bomb hidden in Trump’s GENIUS act: Prepare for the next financial meltdown
(www.yanisvaroufakis.eu)
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this post was submitted on 26 Jun 2025
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Economics
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Crypto melting down will only have a positive impact on the economy, not a negative one. Crypto is a value store. While things were bad in th economy investors could move their money into crypto and ride it out. When crypto falls, that money is going to end up back in the position to influence the real economy.
The wealthy already have a much safer place to ride things out: US Treasury securities. That’s what their true purpose is. They’re not for funding the US government at all. Previously.
Crypto has the benefit of being a speculative market subject to manipulations. It allows for money to move in ways that the SEC and FINRA wouldn't allow otherwise. But you're not wrong.