The current situation really opens the door to significant changes. The American Genius Law – if passed in the form being promoted – could be a massive turning point in the global cryptocurrency scene, not just within the United States.
What does this law mean for the digital market?
✅ Clear regulation = Investor confidence
Many major institutions (banks, investment funds, insurance companies…) are hesitant to enter the cryptocurrency market solely due to legal ambiguity. If there is a clear and recognized legal framework, there will be a real opportunity to attract trillions of dollars that are still currently "sitting on the sidelines."
✅ Stimulating innovation within America
The law could make America an attractive environment for blockchain companies instead of them fleeing to countries like Switzerland, the UAE, or Singapore.
But, are there concerns?
Yes, even if the framework becomes legal, there are factors that could slow down the influx of funds:
⚠️ Taxes and reporting
If the law contains stringent provisions regarding taxes or financial disclosures, it may deter some investors or individual traders.
⚠️ Creeping centralization
If laws are imposed that strip cryptocurrencies of their philosophy (such as freedom, independence from institutions), some may hesitate to adopt them.
⚠️ Global market impact
The cryptocurrency market is global. Even if America regulates it, there will still be concerns about decisions from other countries, especially China and India.