In the buttoned-up world of Wall Street, the “use cases” for cryptocurrency are often met with sarcasm. Veterans have seen it all before. Digital assets have appeared and vanished in spectacular fashion, often taking with them investors eager to ride the hype around “meme coins” and NFTs (non-fungible tokens—unique digital identifiers tied to specific assets). Time and again, their utility beyond speculation and financial crime has proved underwhelming. This latest wave of enthusiasm, however, is different. On July 18, President Donald Trump signed the GENIUS Act into law, granting stablecoins—a cryptocurrency pegged ... (full story)