GENIUS Act Passed: Boosting U.S. Crypto Innovation 🇺🇸
The U.S. Congress has officially passed the GENIUS Act (Government Encouragement of Novel Innovations in the U.S.), a groundbreaking bill aimed at fostering innovation in blockchain, crypto, and emerging technologies. This act provides tax incentives, regulatory sandboxes, and grants to startups developing Web3 infrastructure, DeFi applications, and crypto payment systems.
By easing compliance hurdles and encouraging collaboration between private innovators and federal agencies, the GENIUS Act aims to position the U.S. as a global leader in digital assets. It also outlines a framework for clearer classification of crypto assets and investor protections.
With bipartisan support, this legislation signals a strong move toward crypto-friendly policies and paves the way for increased institutional adoption across the sector.
