đŽ Trump Signs First U.S. Crypto Law â But Itâs Not the Victory It Seems
The GENIUS Act marks a historic milestone by legalizing stablecoins in the U.S.âbut beneath the headlines lies deeper state control.
Key Takeaways:
đ 1:1 Reserve Requirement
All stablecoins must be backed 1:1 with U.S. dollarsâno exceptions.
đ” Instant Transaction Freezes
Authorities can freeze "suspicious" transactions without prior notice.
đ”ïž Mandatory Full KYC
Users must submit passport, address, proof of income, and pass AML checks.
đŠ Banks Enter the Game
Traditional banks are now authorized to issue stablecoinsâunder full regulation.
đ Platforms Need Government Approval
Operating in the U.S. requires official licensingâno license, no service.
While it looks like progress, critics argue itâs a regulated takeoverâa digital leash disguised as innovation.
Freedom? Or full financial surveillance?
#GENIUSAct #CryptoRegulationWho #StablecoinLaw #DigitalDollarControl #CryptoNews $ETH