Meta Could Launch Private Currency With GENIUS Act Loophole, Say Senators

TL;DR Meta is reportedly preparing to revive its plans for a private stablecoin, taking advantage of a legal gap in the recently passed GENIUS Act. Critical senators argue that the move could centralize even more financial power within a single tech company. Still, Meta’s renewed interest in digital assets represents a major step toward broader. . . source: https://crypto-economy.com/meta-could-launch-private-currency-with-genius-act-loophole-say-senators/