Industry Insights
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Gen Z and Digital Payments: Observations from a Student Perspective
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Generation Z grew up with smartphones and the internet as the default. For many U.S. high school students, paying with a phone, sending money to friends, and checking balances in apps already feel ordinary. This brief organizes first-hand observations from school life and peer conversations into: commonly used payment methods, reasons for preference, and…
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The Digital Coin with No Name: Legal and Constitutional Fault Lines in the GENIUS Act’s Stablecoin Framework
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By Mr. Young, Chairman of the Federal Money Services Business Association (FedMSB) — Author’s Note: This commentary is written for policymakers, regulators, and legal practitioners concerned with the long-term implications of the GENIUS Act’s approach to payment stablecoins. It explores the intersection of statutory construction, financial law, and constitutional doctrine with a view toward…
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Stablecoins Are Not “Innovation”—They Are the Digital Echo of Classical Monetary Regimes
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By Mr. Young, Chairman of the Federal Money Services Business Association (FedMSB) — As the GENIUS Act cleared the U.S. Senate, establishing a federal regulatory framework for stablecoins, many market commentators hailed it as a pivotal moment signaling the mainstream acceptance of crypto finance. Yet from the historical perspective of monetary systems, stablecoins do…