It's not a “crypto victory” — it’s government control Former President Donald $TRUMP has signed the GENIUS Act, the first official U.S. law for crypto, and it mainly focuses on stablecoins. While some say it’s a big step forward, others warn it’s more about government control than crypto freedom. What the Law Does: Stablecoins are now legal in the U.S., but only if they follow strict rules. Every stablecoin must be backed 1-to-1 with real U.S. dollars. (1 coin = $1 in reserves). The U.S. Treasury (Finance Department) now has the power to freeze any transaction it finds suspicious — instantly. Companies that issue coins must follow strict rules: Check customer IDs (passport, address, selfie) Track where people get their money Stop money laundering, terrorism funding, and sanction evasion Banks are now officially allowed to issue their own stablecoins — legally and under full government oversight. Any crypto project that wants to operate must now get approval from U.S. authorities. What This Means: This law is not about crypto freedom — it’s about control. Many in the crypto community are worried and angry. They say: The law takes the original idea of crypto — freedom from central control — and hands it over to the government. Freezing transactions on the blockchain is a dangerous step and goes against what crypto was created for. So while GENIUS is being called a "historic win" by some, others see it as a wake-up call: > Crypto is no longer outside the system — it’s becoming part of it, under the government’s watch.
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