DAOLegalized
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#GENIUSActPass
š§ š¼ [June 17, 2025] ā The GENIUS Act has officially been passed in the U.S. House of Representatives!
"The Genius Law" is no longer a joke but a real turning point for the tech industry šŗšø
With 352 votes in favor and 64 against, the GENIUS Act (Growing Emerging Networks and Innovation for United States Act) was passed in the evening session on June 17 (Washington time), marking an important milestone in the legal framework for crypto and AI.
š What does the GENIUS Act do?
š Legalize Web3 & AI startups
š Provide a legal testing framework (sandbox) for tokens and DAOs
š¤ Legalize DAOs registered as businesses in some states
š„ Define utility tokens separately from securities
š¤ Republican representatives stated:
"America cannot let founders choose between starting a business or... fleeing to Asia."
š Immediately after the law was passed, a series of investment funds began announcing plans to expand operations back to the U.S., including a16z, Paradigm, and Coinbase Ventures.
#Cryptolaw #InnovationBill #Web3Policy #DAOLegalized
š§ š¼ [June 17, 2025] ā The GENIUS Act has officially been passed in the U.S. House of Representatives!
"The Genius Law" is no longer a joke but a real turning point for the tech industry šŗšø
With 352 votes in favor and 64 against, the GENIUS Act (Growing Emerging Networks and Innovation for United States Act) was passed in the evening session on June 17 (Washington time), marking an important milestone in the legal framework for crypto and AI.
š What does the GENIUS Act do?
š Legalize Web3 & AI startups
š Provide a legal testing framework (sandbox) for tokens and DAOs
š¤ Legalize DAOs registered as businesses in some states
š„ Define utility tokens separately from securities
š¤ Republican representatives stated:
"America cannot let founders choose between starting a business or... fleeing to Asia."
š Immediately after the law was passed, a series of investment funds began announcing plans to expand operations back to the U.S., including a16z, Paradigm, and Coinbase Ventures.
#Cryptolaw #InnovationBill #Web3Policy #DAOLegalized
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