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0 sats \ 0 replies \ @KudzaiK 9h \ parent \ on: The GENIUS Trojan Horse Politics_And_Law
What I meant by that, is to say stablecoin issuers have now been absorbed into the same fiat cartel as banks and which means laws like the Bank secrecy act and sections of the Patriot Act are now part of their compliance toolkit. OFAC can lean on and influence them the same way it does banks. Hope it makes sense