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As Inner City Press Asks IMF of GENIUS Act IMF Offers Praise and Caution on El Salvador

by Matthew Russell Lee

NYC, July 24 – When the IMF held its biweekly embargoed press briefing on July 24, Inner City Press was able to ask the Fund's spokesperson Julie Kozack two cryptocurrency questions.

 After the signing of the GENIUS Act on stablecoins into US law, Inner City Press asked of the implications of this legitimization of digital assets. Spokesperson Kozack offers some praise of the Act, and some cautions. Video.

 
  Inner City Press also asked if El Salvador is in fact merely moving Bitcoin it already owns between its own wallets, rather than buying more - that seems to be the case. Video

More video coming on IMF's website.

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