#GENIUSAct
The GENIUS Act represents a radical shift in how the United States deals with stablecoins, moving from regulatory chaos to an attempt to impose a strict legal framework. Tying stablecoins to liquid assets is a positive step that enhances trust, but conversely, restricting major companies and foreign issuers may open the door to discussions about monopoly and American dominance in the sector.
My perspective:
The law may help regulate the market and attract institutions, but it could stifle innovation and drive some global projects away from the U.S. market. The political debate surrounding Trump and the USD1 currency shows how digital currencies have become a pawn in political conflicts.
Discussion question:
Do you think strict regulation of stablecoins will lead to widespread adoption, or will it drive innovation out of America?
