No Neutrality - Issue #537 Tuesday, May 27th 2025 12:00AM

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The Focus

Everyone knew stablecoin regulation was coming. But not everyone expected it to come now, tangled in political drama and market momentum.

The U.S. Senate just advanced the GENIUS Act. On paper, it's about digital dollars. But under the surface, it’s about control, timing, and the end of a comfortable myth: that payment rails and fintech plumbing could remain neutral.

This week’s editorial explores what really changed—and why the future of stablecoins may be shaped more by politics than protocol.

Read the full story: The Politics of Stability: Why the U.S. Finally Cares About Stablecoins - FTW Sunday Editorial

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