Trump will sign the GENIUS Act. What awaits crypto?
📜 What is the GENIUS Act?
The GENIUS Act is an acronym that likely (as there is no official finalized version yet) stands for:
“Government Evaluation of Nations for Illegal Use of Securities”
According to preliminary leaks, this law:
• Strengthens regulatory oversight of cryptocurrencies and blockchain projects.
• Aimed at combating money laundering, evading sanctions, and financing illegal activities.
• Gives more powers to the SEC, CFTC, FinCEN, and even U.S. intelligence to review projects for “national security threats.”
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⚠️ Potential consequences for the crypto market:
🔒 1. Stricter compliance for projects
• Projects, especially those with DeFi or anonymity (Privacy coins), may face blockages in the U.S.
• Cryptocurrency exchanges will be required to verify clients even more strictly (KYC/AML).
🪙 2. Pressure on altcoins
• If the law interprets many tokens as unregistered securities — the SEC may start a new wave of lawsuits.
🇺🇸 3. More isolation of the U.S. market
• American investors may lose access to many projects that do not meet the requirements.
• This has already happened during lawsuits against Ripple, Coinbase, and others.
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💡 But there are positives too:
• If the law clearly defines the framework, regulation will become more transparent. This will open doors for institutions and ETFs on altcoins.
• If Trump fulfills his promises — he may “ease the pressure” on Bitcoin and mining, which Biden wanted to tax.
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📊 Conclusion:
The GENIUS Act could either be a turning point for the legalization of crypto in the U.S., or a blow to the freedom of Web3.
It all depends on the final wording — whether it will be “regulation for growth” or “regulation through prohibition #AltcoinSeasonLoading #BTC
