Besant's 'American Cryptocurrency Leadership Theory' Faces Intense Criticism! Global Decentralized Protests Escalate

Besant Calls Out: Cryptocurrency Needs American Leadership!

U.S. Treasury Secretary Scott Besant publicly stated that for the global cryptocurrency industry to thrive, it must rely on American leadership. He criticized the Senate for failing to advance the 'GENIUS Act,' calling it a 'once-in-a-lifetime opportunity' that missed the chance to expand the dominance of the U.S. dollar.

Internet Erupts: Is the Spirit of Decentralization Being Trampled?

Besant's remarks triggered a fierce backlash online, with a large number of cryptocurrency enthusiasts criticizing him for violating the core spirit of decentralization. Some netizens claimed that the 'GENIUS Act' is not an innovation but rather an attempt by the U.S. to seek control over global digital assets under the guise of stablecoins. Some social media platforms are filled with sarcasm and criticism, arguing that U.S. regulation will only stifle innovation and promote capital outflow.

GENIUS Act: Regulation or Monopoly?

The 'GENIUS Act' was originally intended to establish a federal framework to legalize stablecoins and enhance the competitiveness of the U.S. dollar, but critics argue that it will only concentrate power in a few government-approved institutions, undermining the essence of cryptocurrency decentralization. Senator Elizabeth Warren bluntly stated that if the bill is not amended, it will become a tool for Trump to profit, threatening global financial freedom.

Decentralization Wave: Counterattack Beyond Europe and America

The cryptocurrency circles in Europe, Latin America, and Asia have all voiced their opinions, stating that countries more suited to market development, such as Switzerland, Singapore, and the UAE, have long been ahead on the path of decentralization. Besant's nationalist rhetoric is seen as a symbol of the U.S. trying to monopolize digital currency innovation, further intensifying global confrontation.

Conclusion: U.S. Leadership? Decentralization is the Future!

Besant's 'one-man show' has triggered global backlash, and the decentralized cryptocurrency world is clearly unwilling to be dominated by one country. The fate of the GENIUS Act remains uncertain, but the voices of protest in the global market continue to rise.