These leftists, let me tell you.

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.