Uploaded May 2026 | Updated September 2026, 2 weeks ago
"What [banks] realized with the passage of Genius is that, 'Oh, wow, this is a technology that's here. It's an industry that's politically incredibly powerful, and this is not a passing fad. This is something that's gonna stay.'
And I think even a year ago when we were deep in the Genius Act negotiations in Washington, the banks weren't really anywhere to be found. Now, obviously, they realize that stablecoins are a thing. They're not going away. They have been blessed by legislation and they're starting to get worried from a competitive perspective.
I do think in the short term that that is a challenge, but I think ultimately that banks and community banks have a ton of opportunities with stablecoins and that they will come around to see that this isn't the end of the world for them."
–Kristin Smith, President of the Solana Policy Institute on the @coinage_media podcast
Watch the full interview:
youtube.com/watch?v=4_aQWcTAvL0
"What [banks] realized with the passage of Genius is that, 'Oh, wow, this is a technology that's here. It's an industry that's politically incredibly powerful, and this is not a passing fad. This is something that's gonna stay.'
And I think even a year ago when we were deep in the Genius Act negotiations in Washington, the banks weren't really anywhere to be found. Now, obviously, they realize that stablecoins are a thing. They're not going away. They have been blessed by legislation and they're starting to get worried from a competitive perspective.
I do think in the short term that that is a challenge, but I think ultimately that banks and community banks have a ton of opportunities with stablecoins and that they will come around to see that this isn't the end of the world for them."
–Kristin Smith, President of the Solana Policy Institute on the @coinage_media podcast
Watch the full interview:
youtube.com/watch?v=4_aQWcTAvL0
