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I've seen folks make the argument that regulated payment stablecoins will be safer than bank deposits. Maybe, but the devil is in the details. As Todd Phillips writes in today's Fintech Takes guest essay, the GENIUS Act currently contains some big flaws regarding the bankruptcy

Must. Read.

Fantastic read on some of the challenges in the proposed stablecoin legislation Alex Johnson has good “bank nerd friends”

It's literally the point of a leverage ratio to not differentiate. Risk-based capital requirements do differentiate, and we have those as well.

I just tried booking a rental car from both Budget and Thrifty, and both added ~$150 to the final price above what was shown before I clicked the reserve button. Have others experienced this? Is this what happens now?

I think this provision would allow the White House to reorganize the entire government into a single agency run by a single Senate-confirmed official, making every other position not subject to Senate confirmation. Without Congress's sign-off.