Sacks @ 00:51:28Inconclusive
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Under the GENIUS Act’s requirements, the world’s largest stablecoin issuer (as of mid‑2025, an offshore entity) will establish an onshore, US‑regulated structure and comply with US regulatory requirements within three years of the Act’s enactment.
the number one stablecoin player in the world right now is an offshore entity. They will have to come onshore as part of this bill in the next three years.View on YouTube
Explanation
The prediction specifies a three‑year window starting from the GENIUS Act’s enactment. The podcast episode is dated 19 July 2025, and the title claims the GENIUS Act Becomes Law on or around that time. Three years from mid‑2025 ends in mid‑2028, which is well after the current date of 30 November 2025 (i.e., only a few months have elapsed).
Because the deadline for the prediction (sometime in 2028) has not yet passed, we cannot determine whether:
- The world’s largest stablecoin issuer in mid‑2025 (commonly understood to be Tether/USDT, operated by Tether Holdings Limited, an offshore entity),
- Will in fact establish an onshore, U.S.‑regulated structure and
- Comply with U.S. regulatory requirements within three years of the GENIUS Act’s enactment.
There is still substantial time remaining for either outcome, so the prediction cannot be judged as right or wrong yet.