America’s Crypto Apocalypse
Abstract
INTRODUCTION: By opening the floodgates for “stablecoins,” Congress has made the US financial system more vulnerable to crises, increased the chances of government bailouts for tech platforms, and further entrenched Silicon Valley’s political power. In fact, such outcomes seem to be exactly what some techno-boosters want.
External Links
https://www.project-syndicate.org/commentary/us-stablecoin-law-genius-act-risk-to-financial-stability-democracy-sovereignty-by-hilary-j-allen-2025-09
Source Publication
Project Syndicate
Repository Citation
Hilary J. Allen,
America’s Crypto Apocalypse,
Project Syndicate
(2025).
Available at:
https://digitalcommons.wcl.american.edu/pub_disc_media/646
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