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Abraham Lincoln

The Genius Act And The National Bank Acts Of 1863-64

This month, Congress passed the GENIUS Act, an acronym for the “Guiding and Establishing National Innovation for U.S. Stablecoins of 2025.” Designed to regulate stablecoins, a category of cryptocurrency designed to maintain a stable value, the Act is highly controversial. Critics variously argue that it anoints stablecoins as the equivalent of “programmable” central bank digital currencies (CBDCs), that it lacks strong consumer protections, and that government centralization destroys the independence of the cryptocurrency market.

Remembering The Wounded Knee Massacre

Today, we remember the one hundred and thirty-three winters ago, on December 29, 1890, when innocent Lakota men, women, and children were massacred by the U.S. 7th Cavalry Regiment near Wounded Knee Creek on the Pine Ridge Indian Reservation. Some estimates place the death toll closer to 300, underscoring the horrific scale of this tragedy. The massacre occurred under the pretense of disarming the Lakota, who had already suffered profound losses due to U.S. policies, broken treaties, and forced relocations.
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