While the world thinks that the US is still fighting for democracy, they are secretly pushing through the stablecoin law under the code name GENIUS (no, this is not Musk's pseudonym, and not a new meme coin from TikTok). According to FOX Business reporter Eleanor Terrett, while they are publicly drumming up support for a Pentagon official's vote, the real show is happening behind the scenes — Republicans want to quietly push this law through without unnecessary noise and procedural 'dances with tambourines'.
👨⚖️ Senators, armed with amendments and espresso, dream of reaching a 'unanimous consent agreement' to quickly and without disputes adopt GENIUS — because it’s so genius, right? The idea is simple: give the US a stablecoin law so they don’t look like complete dinosaurs against the backdrop of the China-EU MCGD.
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🧠 What does this really mean?
GENIUS is an attempt to save face after years of crypto chaos: fictitious stablecoins, advertising promises of profit, scams with 'reserves'. The law prohibits 'sneaky advertising', forces issuers to undergo audits, report, and not leave investors high and dry.
💡 But there’s a catch: GENIUS is less about transparency and more about concentration of power, because:
🔹 All major players will receive a 'license to operate',
🔹 Small startups will find it hard to meet the requirements,
🔹 The state is preparing to monopolize trust — only 'our' stablecoins, only reserves approved by us.
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🎯 Conclusion?
GENIUS is like a new hairstyle for an old system: it looks fresh, but underneath it’s the same old brain. If the law passes, then:
✅ The stablecoin market in the US will finally receive a legal framework,
✅ Crypto exchanges will be less afraid of the SEC,
❌ But there will be less decentralization,
❌ And there will be pressure on alternative stablecoins (like DAI or FRAX).
This is not the end of the game, but the turning point could be crucial. GENIUS could become either a panacea for the crypto market or a new 'Patriot Act' — only on the blockchain. ⛓️🇺🇸
🪙 For now, keep your stablecoins close… and fiat even closer. And no, GENIUS won't save you from a falling market.
#GENIUS #usa #USACryptoTrends #SaylorBTCPurchase $BTC $ETH $WCT
