CRYPTO IS A PONZI SCHEME - now underwritten by taxpayers. The ultimate scam....Great article by Ann Pettifor.
'Crypto interests wanted to integrate Stablecoins into the regulated US financial system so that crypto assets and bank accounts could in future be protected by the Securities and Exchange Commission and the Federal Deposit Insurance Corporation, just as ordinary bank deposits are. In other words, the crypto sector wanted to be protected from losses or failure (insolvency) by the US rules-based system sponsored by the American taxpayer.
With the passing of the GENIUS Act, Stablecoin interests achieved their goal.'
