Technology@lemmy.worldEnglish · 16 days ago

Big Tech Wants to Become Its Own Bank

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Big Tech Wants to Become Its Own Bank

jacobin.com

Pro@programming.dev to

Technology@lemmy.worldEnglish · 16 days ago

cross-posted to:
technology@lemmy.zip

To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.

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