Crypto skeptic Roubini calls GENIUS Act “reckless,” says stablecoins could trigger runs

Nouriel Roubini is warning again, and this time he is pointing straight at the GENIUS Act while Bitcoin sinks deeper into its slump. He said the token is not an inflation hedge and called it a “pseudo-asset class. ” Bitcoin traded around 67,400 dollars on Wednesday, down 45 percent from its late-October high. He wrote, “Calling […] source: https://www.cryptopolitan.com/roubini-calls-cryptos-genius-act-reckless/