NOTES / 2025.11.06 · 5-post thread · 6 likes
The GENIUS Act Forces a Choice
The Act does more than clarify rules: treat stablecoins as a simple utility, or as the new open architecture for payments — against a $187 billion private tax on the economy.
FIG. 01 — FROM THE ORIGINAL THREAD
The GENIUS Act will soon take effect. For leaders, it does more than clarify rules: it forces a choice. 🔀 Will you treat this new technology as a simple utility or as the foundational, new open architecture for payments?
For decades, the antagonist has been the uncomfortably familiar world of payments. A private fiefdom running on tollbooths that collect a $187 billion private tax on the economy.
Its brilliant marketing scheme? Showering consumers in merchant-funded rewards so they believe they are getting a free service. For a decade, fintech just put a beautiful user interface on yesterday’s plumbing.
But the GENIUS Act is a turning point. It’s a green light to take a sledgehammer to the 50-year-old infrastructure. This isn’t just new paint: it’s changing the plumbing” It’s a shift from speculation to utility, driven by regulation.
The new technology reveals that the savviest companies were never just in the business you thought. Airlines are two businesses: a low-margin logistics company and a wildly profitable financial company that prints its own private currency.
Originally published as a thread on X.