#GENIUSActPass 🧠 GENIUS Act: a new step towards the regulation of artificial intelligence and blockchain.

In the USA, the GENIUS (Government Evaluation of New Innovations Using Standards) bill is being considered, which could change the game for the crypto and AI industries.

This act aims to create a single standard for evaluating new technologies, including decentralized systems and smart contracts. This potentially means:

– More legal clarity for developers

– New requirements for projects that use AI in Web3

– An attempt to balance between innovation and user protection

For the crypto ecosystem, this could be both an opportunity and a challenge. It will become easier to build products for mass use, but harder to avoid regulatory oversight.

The world is changing. And regulators are beginning to understand that technologies cannot be stopped.