The GENIUS Act Has a Money Printing Problem. Here's What Seniorage Means for You | Trust Issues 001
Welcome to Trust Issues--
First episode. Alex, Emily Herrick, Lindsay, and Katie Bettner launch the show that actually reads the legislation.
"Once we get regulation, everything will be fine" is the crypto talking point that won't die. Emily and the crew break down why it's wrong, starting with the GENIUS Act and the quiet little detail that lets financial institutions mint their own dollars.
That detail has a name: seniorage. It's the profit margin on manufacturing money, and the GENIUS Act hands it to private institutions with almost no guardrails.
Katie brings the DAO governance…
The skinny
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