Big Tech Wants to Become Its Own Bank
Big Tech Wants to Become Its Own Bank
jacobin.com
Big Tech Wants to Become Its Own Bank
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...
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.