🚨 BREAKING: The GENIUS Act Just FLIPPED the Entire Crypto Game 🚨
Signed into law by Trump on July 18 — and yes, it’s named after HIM. 💀🇺🇸
G.E.N.I.U.S = Guiding and Establishing National Innovation for U.S. Stablecoins
And it’s the biggest stablecoin regulation shift in U.S. history. PERIOD.
What It Means:
1:1 backed stablecoins ONLY
Monthly audits, no funny business
Licensed issuers only – banks, approved fintechs
No interest-bearing coins (bye shady DeFi pumps)
Even foreign issuers to U.S. users? You’re in the net.
The Aftershock:
✅ Crypto market hits $4 TRILLION
✅ BTC spikes to $123K
✅ Ethereum, Solana ,all pumping
✅ Banks like JPMorgan + Apple + Shopify? **Getting in.**
✅ U.S. finally saying: “Stablecoins are LEGIT finance.”
BUT…
Trump’s family stands to PROFIT via USD1 stablecoin? Conflict of interest?
Banks on edge: “This could bleed our deposits.”
AML/KYC rules getting TIGHT. It’s not DeFi 2021 anymore.
The Web3 wild west just got federal lawmen.
Stablecoins aren’t toys ,they’re the future of money.
And now? They’re playing by real-world rules.
#GENIUSAct #Stablecoins #CryptoLaw #BinanceHODLerC #PowellVsTrump