Alabama Legal Advocate raises an alarm about the impact of the genius Act in small banks
Alabama Senator Keith Keith Kelley warned that the Genius Act, signed on July 18, 2025, can cause a deposit by the Rural Community Banks.
According to reports, Kelley laid his anxiety in OP-ED at 1819 News, which opposed the law gap can allow CRYPTO platforms to give credit to local loans.
This warning is Help as the Social Arms Sector has been opened at the US Treasury, that administrators were expected to write laws that make the new law work.
The Genius Act: Senator warns of a deposit on a fly
Financial experts say that these concerns are as “the same” similarity “will be defined. If foreigners or out of stablcoin are treated as a comparable oversight where the rules of the Reculars are free, fishermen can be tempted to burn money into higher gases.
Alabama’s Sen. Keith Kelley warns the Genius Act can damage rural banks by changing deposits. Do the stablecoin commander harming communities? #Ghenioussact #Stablecoin #Cryptolaw Pic.Twitter.com/bdhqffnif5
– 4c is 360trader (@ 4cby360) September 11, 2025
One rate mentioned in Banking groups sets $ 6.6 trillion cash flow when the law is widely interpreted. That number has made small bank leaders not worry. They are afraid of losing the deposits they use to borrow families, farmers and local businesses.
Rural Bank Problem in Making
Many public banks apply to small margins. They rely on local deposits to write down plants, purchasing of equipment, and small shops.
Based on reports, Kelley warned that those living areas may be weak if a large number moved to new digital products without a traditional digital system without a traditional order.
Farmers and small business owners are named especially, since local lenders often provide for the needs of the year.
Genius Act & Upon Control
The genius Act is not too powerful in any idea of working. Implementation will depend on the US Treasury and Federal Reserve, and those structures have already asked community in accidents and risks of accounting.
The reports disclose that other banking groups and performing operations are looking for difficult explanations and clear pear before the laws are completed. Law supporters say that it can bring a lot of clarification in Stablecoin markets, but opponents claim that information is very important.
If the missions start to travel, small banks can be compelled to reduce the loan or increase the storage prices. That effect can change glory away from local lenders and look at major financial institutions.
Picture included from Brian Lyman / Alabama Reflector, chart from trading
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