The Genius Act: Innovation Draining the Valley’s Economic Lifeblood

Clint Olivier joins Philip Teresi after writing an opinion piece on the San Joaquin Valley Sun that warns a well‑intended tech policy could drain capital from the Central Valley’s local economy. The piece argues the proposed GENIUS Act, while promoting innovation in digital finance, may pull deposits away from community banks, weakening lending for farmers, small businesses, and entrepreneurs who rely on local, relationship‑based banking. Olivier urges lawmakers to balance innovation with strong safeguards and protections, so Silicon Valley‑style finance doesn’t come at the expense of the Valley’s economic lifeblood.  Please Like, Comment and Follow 'Philip Teresi on KMJ' on all platforms: ---     Philip Teresi on KMJ is available on the KMJNOW app, Apple Podcasts, Spotify, YouTube or wherever else you listen to podcasts.  -- Philip Teresi on KMJ Weekdays 2-6 PM Pacific on News/Talk 580 AM & 105.9 FM KMJ  | Website  | Facebook | Instagram | X | Podcast | Amazon | - Everything KMJ KMJNOW App | Podcasts | Facebook | X | Instagram  See omnystudio.com/listener for privacy information.