In our previous memo What the Genius Act means for Investors we detailed the recently passed Genius Act, which gives cryptocurrency a regulatory backdrop. The largest ramifications of this legislation is that it enables the web3 economy – i.e. facilitating a completely digital transaction without...

Long story short: The recently passed Genius Act establishes a regulatory framework around stablecoins, which use cryptocurrencies.  The real impact is it legitimizes cryptocurrencies and effectively initializes the web3 economy.  The web3 economy is a decentralized blockchain-powered internet that ...