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Rep. Ritchie Torres Rep. Ritchie Torres @repritchie · 4 subscribers
Post #1777 3
The old bank run is officially obsolete. 🏦🚫

Fractional reserve banking means your bank only keeps ~10% of your cash on hand. If panic hits, the vault is empty.

Under the GENIUS Act, 1:1 Stablecoins must hold 100% liquid reserves (Treasuries/Cash). No lending out your money for risky mortgages. You get 24/7 access, instant settlement, and the peace of mind that a "run" is mathematically impossible.

Why be a bank’s creditor when you can be a digital bearer owner? 💸✨
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