#StablecoinLaw : America’s Blockchain Rollercoaster

Well, it finally happened — the U.S. officially put stablecoins on a leash. The GENIUS Act (yes, they really named it that) now requires every stablecoin to be backed 1:1 by dollars or Treasuries. Basically, every USDT just got a little more “US” and a little less “Tether.”

The market went full bull mode: Bitcoin soared, traders stopped biting their nails, and DeFi degens started dreaming of 0% loans again. But wait — there’s a twist. The law includes “freeze powers,” meaning Uncle Sam can now freeze your tokens faster than ice cream melts in Miami.

Crypto folks joke: GENIUS = Government Eventually Nukes Your Innovative Use of Stablecoins. And honestly… they might not be wrong.