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BSCN·2026-03-12 10:15
🚨GENIUS ACT: STABLECOINS WON’T GET FDIC INSURANCEFederal Deposit Insurance Corporation, Chairman Travis Hilll says stablecoin holders will not receive government deposit protection, per @CoinDesk. The rule comes under the GENIUS Act.Hill said payment stablecoins won’t qualify for FDIC guarantees. That includes pass-through insurance offered through financial firms.Traditional deposits remain insured up to $250,000 in the U.S. ...