📜 What is the GENIUS Act?
GENIUS Act is an acronym that likely (as there is no official finalized version yet) stands for:
“Government Evaluation of Nations for Illegal Use of Securities”
According to preliminary leaks, this law:
• Strengthens regulatory oversight of cryptocurrencies and blockchain projects.
• Aimed at combating money laundering, sanction evasion, and financing illegal activities.
• Gives more authority to the SEC, CFTC, FinCEN, and even US intelligence for checking projects for 'national security threats'.
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⚠️ Potential consequences for the crypto market:
🔒 1. Stricter compliance for projects
• Projects, especially from DeFi or anonymity (Privacy coins), may face blocking in the US.
• Cryptocurrency exchanges will be forced to tighten client verification (KYC/AML).
🪙 2. Pressure on altcoins
• If the law interprets many tokens as unregistered securities — the SEC may start a new wave of lawsuits.
🇺🇸 3. More isolation of the US market
• American investors may lose access to many projects that do not meet the requirements.
• This has already happened during lawsuits against Ripple, Coinbase, and others.
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💡 But there is a positive side:
• If the law clearly defines the framework, regulation will become more transparent. This will open doors for institutions and ETFs on altcoins.
• If Trump delivers on his promises — he may 'ease the pressure' on Bitcoin and mining, which Biden wanted to tax.
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📊 Conclusion:
GENIUS Act could either be a turning point for the legalization of crypto in the US or a blow to the freedom of Web3.
Everything depends on the final wording — whether it will be 'regulation for growth' or 'regulation through prohibition #AltcoinSeasonLoading #BTC
