🤨 After #Trump signed law #GENIUS on stablecoins, U.S. Treasury Secretary Scott Bessen issued the following statement:

🗣 Quoting: Blockchain is the foundation of the next generation of payments. The U.S. dollar will move on-chain!

🇺🇸 The new law will help solidify the U.S. dollar as the world's reserve currency, now in the blockchain.

There is no reason to celebrate this; freedom has diminished. The foundation of the new law is strict oversight. 🔎

Now the Treasury has the right to block any suspicious transactions, and literally all stablecoins and crypto projects will depend on U.S. approval. 😏