Stablecoin banks and state reserve funds: Convenience or the loss of decentralization?
The market is excited about news from Illinois and the CFTC, but you need a cool head. That's the situation, the fact that national trust banks are beginning to issue their own stablecoins could be a double-edged sword. While it makes the market "cleaner" and safer in the eyes of large institutions, it also means that the government will control the flow of money more tightly through the GENIUS Act regulatory framework. #anhbacong
Illinois establishing a reserve fund and locking Bitcoin in a multi-signature cold wallet also shows that this asset is gradually being "institutionalized". That's the situation, when regulations become too tight, the inherent freedom and decentralization of Crypto may be affected. Retail investors should remain alert: don't rush to FOMO just because you see good news. Observe how the actual implementation roadmap of banks unfolds, as deep government intervention always comes with privacy barriers that we pursue. $BTC
