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The stablecoin time bomb hidden in Trump’s GENIUS act: Prepare for the next financial meltdown - UNHERD, 19 JUNE 2025 - Yanis Varoufakis
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The stablecoin time bomb hidden in Trump’s GENIUS act: Prepare for the next financial meltdown - UNHERD, 19 JUNE 2025 - Yanis Varoufakis
Francisco Goya’s etching The Sleep of Reason Produces Monsters was an artist’s stern warning of the hideous forces unleashed in the mind when reason lowers its guard. Today, stablecoins are the gruesome forces being released into the global economy as President Trump’s crypto dreams, unchecked by reason, morphed into the GENIUS Act. Stablecoins are the bastard child of parents seemingly at permanent odds with each other: The libertarian spirit o…
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