Supporting the GENIUS Act, a crypto industry-backed bill that ostensibly regulates “stablecoins,” is a political and economic mistake. At this moment of deep political division, bold ideas to preserve American democracy are more important than ever.

There is a “first of its kind” crypto bill making progress through the Senate that you’re going to be tempted to snooze on because a) it’s about “stablecoins,” which is a subcategory of crypto – a parallel financial system almost no one understands,