Genius Act: this new US cryptocurrency law could pave the way for the next global financial crisis
PatriotR Daily News 07/16/25

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US NEWS
Genius Act: this new US cryptocurrency law could pave the way for the next global financial crisis
On June 17, the U.S. Senate passed the GENIUS Act, a bill to regulate stablecoins—cryptocurrencies pegged to fiat currencies like the U.S. dollar. While seen as a win for the crypto sector, critics warn it could trigger a global economic crisis.
Stablecoins were developed to reduce crypto’s volatility and attract mainstream investors. However, their stability hinges on whether the issuing company actually holds enough assets (like U.S. dollars or treasury bonds) to back the coins. If a major company overissues stablecoins without sufficient reserves and then collapses—similar to what happened with Terra in 2022—it could spark mass sell-offs of U.S. bonds, spike interest rates, and create global financial turmoil.
Although the GENIUS Act promises regulation, critics argue it offers a false sense of security. History has shown that regulators can miss risks—such as in the 2023 Silicon Valley Bank collapse—making it plausible that overissuance of stablecoins could go unchecked. If so, the fallout could rival past national currency crises, like Argentina's in the 1990s. Read More.
Bottom Line: The GENIUS Act may legitimize stablecoins, but it also opens the door for corporate-issued currencies to create systemic risk. Without airtight oversight, the next financial crash could start in America’s tech or retail sector—not Wall Street.
US NEWS
Sell gold, buy silver? Why poor man's gold is quietly becoming the real treasure
After strong gains in gold, investors are pivoting dramatically to silver, fueling a surge in silver ETFs (up 21% over 3 months vs. gold's 5%). This shift is driven by the belief that silver—often dubbed "poor man's gold"—is poised for a breakout. The move intensified following President Trump's announcement of sweeping new tariffs, spiking demand for safe-haven assets. Silver futures hit record highs both in India and globally, while experts like Apurva Sheth and Gautam Shah forecast silver could reach $50/oz within 15 months.
Beyond speculation, silver’s rally is underpinned by real supply-demand imbalances—2025 marks the fifth year of global silver deficits. If geopolitical tensions disrupt supply further (e.g., export bans like China's rare earth policy), prices could skyrocket. Meanwhile, the weakening U.S. dollar and potential rate cuts add further tailwinds to silver. Read More.
Bottom line: Gold may be taking a breather, but silver is heating up fast. With strong fundamentals, geopolitical catalysts, and momentum on its side, silver could be the next big trade in precious metals. Investors are no longer asking if they should buy—it’s how much.
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