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The GENIUS Act Explained: Why It Matters for Crypto & Global Finance
There’s been a lot of confusion around the newly passed GENIUS Act. Many thought it would make Bitcoin tax-free, remove government oversight, or even usher in a new CBDC — but that’s not what’s happening.
Instead, the GENIUS Act’s real impact lies in breaking Wall Street’s monopoly over global dollar clearing. For decades, a handful of powerful banks and regulators controlled access to “clean dollars” and quietly monitored how those dollars were used. The GENIUS Act is the first major shift away from that model — potentially opening broader access to U.S. dollars worldwide.
Key Takeaways:
What it’s not: It doesn’t exempt Bitcoin from taxes, it doesn’t remove government control over money, and it doesn’t introduce a CBDC.
What it does: Weakens the correspondent banking system’s monopoly, allowing stablecoins to play a bigger role in global finance.
Global impact: With rising demand for dollar-backed stablecoins like USDT and USDC, this legislation could slow down global de-dollarization efforts from powers like China and the BRICS bloc.
Monetary freedom: The Act makes it harder for banks and regulators to enforce financial surveillance chokepoints, creating more open access to the U.S. dollar system through blockchain rails.
For Investors:
The GENIUS Act doesn’t instantly change the value of Bitcoin or other cryptos, but it strengthens the long-term case for stablecoins and decentralized finance. By reducing Wall Street’s grip, it creates more room for crypto adoption, cross-border transactions, and financial freedom.
The Bottom Line:
The GENIUS Act isn’t a silver bullet for crypto, but it marks the beginning of a structural shift — from a surveillance-heavy banking monopoly toward a more open, blockchain-powered financial system. For investors, it signals a more secure and legitimized environment for stablecoins and could accelerate crypto’s role in global trade and finance.
Do you see the GENIUS Act as the end of financial choke points or just the first step toward broader adoption?
$BTC $ETH $BNB
#Bitcoin #GENIUSAct #CryptoIsLife
Instead, the GENIUS Act’s real impact lies in breaking Wall Street’s monopoly over global dollar clearing. For decades, a handful of powerful banks and regulators controlled access to “clean dollars” and quietly monitored how those dollars were used. The GENIUS Act is the first major shift away from that model — potentially opening broader access to U.S. dollars worldwide.
Key Takeaways:
What it’s not: It doesn’t exempt Bitcoin from taxes, it doesn’t remove government control over money, and it doesn’t introduce a CBDC.
What it does: Weakens the correspondent banking system’s monopoly, allowing stablecoins to play a bigger role in global finance.
Global impact: With rising demand for dollar-backed stablecoins like USDT and USDC, this legislation could slow down global de-dollarization efforts from powers like China and the BRICS bloc.
Monetary freedom: The Act makes it harder for banks and regulators to enforce financial surveillance chokepoints, creating more open access to the U.S. dollar system through blockchain rails.
For Investors:
The GENIUS Act doesn’t instantly change the value of Bitcoin or other cryptos, but it strengthens the long-term case for stablecoins and decentralized finance. By reducing Wall Street’s grip, it creates more room for crypto adoption, cross-border transactions, and financial freedom.
The Bottom Line:
The GENIUS Act isn’t a silver bullet for crypto, but it marks the beginning of a structural shift — from a surveillance-heavy banking monopoly toward a more open, blockchain-powered financial system. For investors, it signals a more secure and legitimized environment for stablecoins and could accelerate crypto’s role in global trade and finance.
Do you see the GENIUS Act as the end of financial choke points or just the first step toward broader adoption?
$BTC $ETH $BNB
#Bitcoin #GENIUSAct #CryptoIsLife
some one noticed this picture shows here its a lady not men 😁😅😉🤑
律动BlockBeats
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Do Kwon refused to plead guilty in US trial and may be sentenced to 130 years in prison
Original title: (Do Kwon was extradited to the United States for trial, smiling and refusing to plead guilty)
Original author: jk, Odaily Planet Daily
On January 2, local time in the United States, Do Kwon, the former founder of Terra and co-founder of Terraform Labs, officially appeared in the public eye of the US court. At the hearing in the Manhattan Federal Court, Do Kwon pleaded not guilty and the case will officially enter the trial process.
As previously reported by Odaily, Montenegrin Prime Minister Milojko Spajic said on Tuesday that Montenegro has completed the extradition of Terraform Labs co-founder Do Kwon to the United States. Spajic posted on the X platform: "This extradition demonstrates our unwavering commitment to international justice and the rule of law."
Original author: jk, Odaily Planet Daily
On January 2, local time in the United States, Do Kwon, the former founder of Terra and co-founder of Terraform Labs, officially appeared in the public eye of the US court. At the hearing in the Manhattan Federal Court, Do Kwon pleaded not guilty and the case will officially enter the trial process.
As previously reported by Odaily, Montenegrin Prime Minister Milojko Spajic said on Tuesday that Montenegro has completed the extradition of Terraform Labs co-founder Do Kwon to the United States. Spajic posted on the X platform: "This extradition demonstrates our unwavering commitment to international justice and the rule of law."
when?
Terra Luna Classic ($LUNC) Sparks New Hope with Massive 60% Supply Burn – A Fresh Start?
After months of setbacks and uncertainty, the Terra Luna Classic ($LUNC ) community has made an unprecedented decision to burn 60% of the token’s total supply. This extraordinary move aims to restore investor confidence, stabilize the ecosystem, and potentially pave the way for a brighter future.
A Look Back: Terra Luna’s Collapse
The Terra Luna ecosystem, once a cornerstone of the cryptocurrency world, faced an unparalleled crisis in May 2022. The collapse of the UST stablecoin triggered a chain reaction that erased over $40 billion in value. Investors were left devastated, and the project's future seemed uncertain.
The Burn: A Bold Attempt to Rebuild
In response to the crisis, the LUNC community has united around a daring initiative—removing 60% of the circulating token supply. This dramatic supply reduction is designed to:
1. Reignite demand and create scarcity, potentially boosting $LUNC’s value.
2. Rebuild investor confidence after a history of volatility and collapse.
3. Encourage new innovation, paving the way for developers and projects to re-enter the ecosystem.
By drastically reducing the supply, the community aims to address lingering market imbalances while reigniting interest in the once-thriving Terra Luna Classic.
What Lies Ahead for $LUNC?
While the supply burn is an ambitious first step, it cannot single-handedly secure $LUNC’s revival. The real challenge lies in addressing structural flaws that led to the previous collapse.
For the Terra Luna Classic ecosystem to recover, the community must focus on:
Improved governance: Implementing transparent and effective leadership.
Rebuilding trust: Restoring faith among investors and stakeholders.
Fostering innovation: Supporting new projects that drive long-term growth.
The supply burn is a signal of resilience and determination, but it’s just the start of a complex rebuilding process. For $LUNC, the road to redemption is long, but the first steps have been taken boldly and decisively.
Is this the spark the Terra Luna Classic ecosystem needs to rise from the ashes? Time will tell.
$LUNA
A Look Back: Terra Luna’s Collapse
The Terra Luna ecosystem, once a cornerstone of the cryptocurrency world, faced an unparalleled crisis in May 2022. The collapse of the UST stablecoin triggered a chain reaction that erased over $40 billion in value. Investors were left devastated, and the project's future seemed uncertain.
The Burn: A Bold Attempt to Rebuild
In response to the crisis, the LUNC community has united around a daring initiative—removing 60% of the circulating token supply. This dramatic supply reduction is designed to:
1. Reignite demand and create scarcity, potentially boosting $LUNC’s value.
2. Rebuild investor confidence after a history of volatility and collapse.
3. Encourage new innovation, paving the way for developers and projects to re-enter the ecosystem.
By drastically reducing the supply, the community aims to address lingering market imbalances while reigniting interest in the once-thriving Terra Luna Classic.
What Lies Ahead for $LUNC?
While the supply burn is an ambitious first step, it cannot single-handedly secure $LUNC’s revival. The real challenge lies in addressing structural flaws that led to the previous collapse.
For the Terra Luna Classic ecosystem to recover, the community must focus on:
Improved governance: Implementing transparent and effective leadership.
Rebuilding trust: Restoring faith among investors and stakeholders.
Fostering innovation: Supporting new projects that drive long-term growth.
The supply burn is a signal of resilience and determination, but it’s just the start of a complex rebuilding process. For $LUNC, the road to redemption is long, but the first steps have been taken boldly and decisively.
Is this the spark the Terra Luna Classic ecosystem needs to rise from the ashes? Time will tell.
$LUNA
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$PLUME | Near-Term Price Watch Summary
Currently trading near $0.086–$0.087, PLUME has pulled back after a post-airdrop spike above $0.10. This dip follows speculative pressure, but fundamentals remain strong: Plume is pushing RWA adoption with a $40 M bridge now aimed toward $500 M.
Key Levels to Monitor:
Support: ~$0.085
Resistance: ~$0.1016
Short-term upside potential: ~$0.095–$0.10 if stability holds
A move past $0.1016 could unlock gains toward $0.13–$0.14, especially if RWA milestones continue. I didnt invest into this one but everyone is talking about $PLUME and was worth a little analysis.
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