🚨 THE FEDERAL RESERVE JUST PUBLISHED SOMETHING ABSOLUTELY TERRIFYING Trump’s GENIUS Act requires regulated stablecoins to be backed 100% by cash or short-term U.S. Treasuries. This was supposed to make digital dollars completely safe. Now Federal Reserve researchers have found a completely different weakness. Their new paper finds even “perfectly safe” digital money can suffer a run. Not because reserves fail. Because the blockchain gets too busy. As congestion raises fees, redemptions can suddenly jump. Each person leaving makes the network less useful, giving everyone else another reason to run. The researchers say this could affect stablecoins, tokenized deposits, tokenized Treasuries. Even a CBDC on Ethereum. Crypto may face a brutal trade-off: Keep money on open blockchains exposed to congestion-driven runs... Or move it onto more controlled rails and weaken decentralization. The reserves can be perfect. The rails underneath them may not be.