Globalization
Regulating Interest: No Matter the Name, It Should Be Done Fairly
The article warns about the regulation of interest in cryptocurrencies by the GENIUS Act. Stablecoins, such as USDC, offer rewards instead of interest to evade regulation, posing risks to investors and financial stability. It suggests stricter regulation to avoid crises and protect users, comparing it to past failures in financial regulation, such as money market mutual funds.
September 10, 2025