#GENIUS稳定币法案 GENIUS Bill's Potential Impact on the DeFi Ecosystem

Article 305 of the bill, the "Decentralized Protocol Liability Clause," has sparked controversy, stipulating that any DeFi protocol locking stablecoin values exceeding $50 million must integrate a KYC verification system. This could lead to: 1) mainstream DeFi protocols being forced to fork into a "compliance version"; 2) stablecoin trading flowing back to centralized exchanges (CEX); 3) privacy protocols like Tornado Cash facing stricter regulations. The developer community is lobbying to amend this clause, suggesting a compromise to implement "frontend KYC integration."