The āGENIUSā Act has officially legalized stablecoins in the U.S.$ETH
Sounds like a massive step forward, right?
Not so fast.
This isnāt a crypto victory ā itās the industry being shackled to the state. ā ļøš§
Hereās the real story in under 2 minutes:
š 1:1 Reserve Mandate
Every stablecoin must now be backed exactly 1:1 with U.S. dollars. No room for creative accounting anymore.
šµ Instant Freeze Power
If the government suspects your transaction of being ārisky,ā it can freeze it ā immediately, without warning.
šµļøāāļø Mandatory Full KYC
Get ready to hand over everything: Passport. Address. Proof of income. Even a selfie.
Stablecoin issuers are now data collectors for the government.
š¦ Banks Take Over Stablecoins
The same banks that once warned you about crypto? They can now issue stablecoins ā under full federal oversight.
š All Crypto Platforms Must Get Approval
Want to operate in the U.S.? Youāll need a green light from regulators. No license = no access.
š« This isnāt decentralization.
Itās a digital collar ā enforced by blockchain.
And yes, crypto die-hards are furious.
Because freezing blockchain transactions?
Thatās not regulationā¦
Thatās control gone too far.$SOL
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