P320
The US will use laws such as the Genius Act and Clarity Act to force stablecoins to be backed by US Treasuries.

What Jiang said

“passing laws called the Genius Act and the Clarity Act”

Analysis

He argues financial repression will be implemented through legislation that compels stablecoin issuers to hold US Treasuries. This would create forced demand for US debt through digital currencies.

Status history

• 2026-05-26 · Pending (codex)

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