Banks have warned that under the GENIUS Act, ______ could migrate to uninsured crypto reserves. - Congress passes GENIUS Act creating first federal stablecoin framework | Principle Civics

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Banks have warned that under the GENIUS Act, ______ could migrate to uninsured crypto reserves.

Explanation

Banks cautioned that up to trillions of dollars in customer deposits might shift into uninsured crypto-backed reserves under the new framework.

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