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An illuminating conversation with Chris Land, the general counsel to Wyoming Senator Cynthia Lummis, about the Genius Act—the potentially game-changing stablecoin legislation that nobody’s talking about.
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Over the summer, Congress did something quite startling: It passed bipartisan legislation with the potential to disrupt the traditional system of global payments, long dominated by Wall Street banks. And yet, for some strange reason, very few people on Wall Street seem to be talking about the Genius Act—the backronym is for Guiding and Establishing National Innovation for U.S. Stablecoins—which President Trump signed into law on July 18.
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