Legacy media and finance gatekeepers don't like the new GENIUS Act

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Legacy media and finance gatekeepers don't like the new GENIUS Act

//business-finance.news-articles.net/content/202 .. e-gatekeepers-don-t-like-the-new-genius-act.html

Published in Business and Finance on Thursday, June 19th 2025 at 12:00 GMT by Cryptopolitan
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The GENIUS Act, a proposed federal framework to regulate stablecoins in the United States that the Senate passed on Tuesday, is facing criticism from legacy media outlets and segments of the fintech industry.

The article from MSN discusses the opposition of legacy media and financial gatekeepers to the New Genius Act, a proposed legislation aimed at fostering innovation and competition in the financial sector. The Act seeks to reduce regulatory barriers that currently favor established financial institutions and media outlets, thereby enabling new entrants and technologies to flourish. Critics from traditional sectors argue that the Act could lead to increased risks and instability, while proponents believe it will democratize finance and enhance consumer choice. The debate highlights a broader tension between maintaining established systems and embracing disruptive innovation.

Read the Full Cryptopolitan Article at:
[ https://www.msn.com/en-us/money/financial-regulation/legacy-media-and-finance-gatekeepers-don-t-like-the-new-genius-act/ar-AA1H2zck ]