Stablecoins are going to reduce CRA funding to underserved communities

If the loophole in the GENIUS Act isn't closed, the flow of money into stablecoins will wind up reducing the Community Reinvestment Act funding that many underserved communities rely on for development, writes Kevin Kimble.Adobe Stock I've seen firsthand how policy decisions made in Washington ripple through America's neighborhoods, determining who gets a mortgage, who can start a business, and which communities thrive or struggle. Our financial system should serve everyone — not just the wealthy and well ...