#GENIUSActPass GENIUS or a genius illusion?**

The U.S. Senate, demonstrating rare unity (68 to 30!), has passed the GENIUS law — yet another attempt to tame the wild beast called "stablecoins." Now regulators can sleep easier knowing that digital tokens are tied to something "real" — for example, the dollar, which, as we know, is not backed by anything.

The law is presented as a breakthrough: fast payments, innovation, a bright crypto future. But is this optimism a bit too much? Large corporations are already rubbing their hands together, preparing to churn out stablecoins — after all, what could be more reliable than private businesses issuing private money?

We just need to wait for the approval of the House of Representatives, where the STABLE and CLARITY laws will likely drown in endless debates.

The main question: should stablecoins become new banks or remain digital toys? So far, there is no answer — but regulators clearly hope that the genius of their decisions will manifest itself on its own.

**Conclusion:** While senators celebrate their victory, the crypto market, illuminated by the crimson glow of margin calls, slowly sinks to the bottom, like the Titanic after encountering the "regulatory iceberg." GENIUS? Perhaps. It's just that the drowning are no easier.