GENIUS or PARTY GAMES? The US is stalling crypto reform
The GENIUS stablecoin law, which was supposed to be a breakthrough, is once again hanging in the air.
Nine Democrats, who previously supported the initiative, suddenly refused to vote "for". Reasons? Lack of guarantees against money laundering, foreign risks, national security issues… or something more?
An interesting point: many issuers and large investors in stablecoins are close to the Republican camp, and therefore — to Trump. Too much politics?
GENIUS offers:
Collateralized with liquid assets
Prohibition on lending
Federal regulatory framework
The law is needed by the market — especially against the backdrop of the expansion of $USDC , $USDT and growing pressure from CBDC. But…
The blunt question:
Crypto is about money and freedom…
Or is it still about ideology and control?
Your opinion:
GENIUS — a chance for DeFi?
Or is it just a political circus?
Write in the comments — are you for regulation or for complete decentralization?
