To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.

That means we could soon live in a world where all online transactions will require us to pay for goods in billionaires’ own made-up monopoly money, for which tech giants will be able to charge exorbitant transaction fees.