geniusatc

📅 February 2 – New York | Attorney General Letitia James, along with four district attorneys, sent a direct letter to Democratic senators warning that the law, as currently written, leaves thousands of crypto fraud victims with virtually no means to recover their money.

📖The letter, initially revealed by CNN, was sent to Senators Chuck Schumer, Kirsten Gillibrand, and Mark Warner, and fundamentally questions the effectiveness of the GENIUS Act, signed last year by President Donald Trump.
Although the law requires stablecoins to be fully backed by US dollars or equivalent liquid assets and mandates annual audits for issuers with more than $50 billion in market capitalization, the prosecutors argue that these measures fail to address the growing use of these coins in illicit activities.
The argument is supported by data from Chainalysis, which estimates that 84% of illicit crypto volume in 2025 involved stablecoins, due to their ease of cross-border transfers and low volatility.
According to prosecutors, this reality makes USDT and USDC preferred tools for criminal networks that move faster than the legal process.
The letter notes that Tether has frozen stolen funds in some cases, but acknowledges that it has no legal obligation to do so under US jurisdiction.
The company itself responded that, not being domiciled in the U.S., it is not subject to state processes as a regulated financial institution would be, although it voluntarily cooperates with authorities.
The harshest criticism is directed at Circle. According to prosecutors, the company only freezes funds when it receives a signed court order, which in practice renders the measure useless, since by the time the order arrives, the funds have already been moved to other addresses or converted into other digital assets.
From Circle, its head of strategy Dante Disparte responded that the company complies with financial integrity standards and will continue to adapt during the regulatory phase of the GENIUS Act, defending its position of acting only under formal judicial processes.

Topic Opinion:
The discussion no longer revolves solely around how to legitimize stablecoins within the financial system, but rather who truly protects that legitimacy when fraud occurs. If issuers handling tens of billions can decide when to cooperate and when not, the problem ceases to be technological and becomes legal and political.
💬 Do you think the GENIUS Act truly protects users?

Leave your comment...
#Stablecoins #GeniusAtc #USDT #USDC #CryptoNews $USDC $USDT

Crypto markets are anticipating key U.S. government decisions regarding digital currencies. According to recent reports, President Trump announced in January the creation of a "Strategic Bitcoin Reserve," aimed at purchasing large quantities of BTC as a national reserve asset. Legislation such as "#GeniusAtc " is expected to advance to regulate stablecoins, and "<t-46/>#CLARITY_ACT " to clarify the regulatory framework for crypto, in addition to digital market structure bills in Congress during January. This comes amid expectations that 2026 will be the "dawn of the institutional era" for crypto, with government support enhancing adoption, but risks such as volatility from trade policies and inflation remain.

“Every action you take is a vote for the type of person you wish to become.”

​🩸 Today’s Mood:
🔸 Tension — The system is voting for its own structure. The tension is in the wait for the final count.
​Today’s GENIUS Act Highlights & Trend Impact
Price: N/A (Regulatory Update)
Volume & Market Cap: N/A (Affects global stablecoin market)
​News (or should I say… whispers from the pit?):
​The Regulatory Delay: The U.S. Treasury Department confirmed the extension of the public comment period for the GENIUS Act’s implementation rules until November 4, 2025. This is a bureaucratic bottleneck, not a legislative win.
​The Silent Vote: Every day the comment period remains open is a "vote" by the old system to maintain control over the new. They are meticulously debating the fine print—AML enforcement, oversight boundaries, and global access—ensuring the foundation is theirs, not ours.
​The Ironic Twist: Projects like $USD1 (the Trump-linked stablecoin) gain critical time to cement their market position while the very rules meant to govern them are still being drafted. The chaos of delay profits the swift.
​Final reflection — Clarity is an illusion the system sells. The rulemakers are casting their votes slowly, but your actions in the meantime will determine if you become a regulator, or the regulated.
​So, reader… 🤔
Do you cast your vote now — or wait for the system to cast it for you?
​#GENIUSAct؟ #Regulation #ChaosSignals #GeniusAtc #USGovShutdown
​“Crypto’s not about money… it’s about sending a message.”
— 😈
​💬 Disclaimer:
“This post is for informational and educational purposes only. Not financial advice — just whispers from the chaos, interpreted by a madman with a mirror.”
— 💚🃏

GENIUS Act Explained (Simple & Clear)

📘 What is the GENIUS Act?

GENIUS Act stands for:

Guiding and Establishing National Innovation for U.S. Stable coins

It is a pro-crypto U.S. regulation proposal supported by Donald Trump and crypto-friendly lawmakers.

⚠️ Important:

This law focuses on stable coins, not Bitcoin mining or trading.

🎯 Main Goal

To create clear legal rules for stable coins in the United States.

Right now:

Stable coins exist

But regulation is unclear

Companies fear SEC lawsuits

The GENIUS Act aims to fix this.

⚙️ What the GENIUS Act Proposes
✅ 1️⃣ Stable coins are NOT securities

Treated as digital payment money

Not stocks

Not investment contracts

This removes major SEC pressure.

✅ 2️⃣ 1:1 reserve backing

Every stable coin must be backed by:

U.S. dollars

Treasury bills

Cash equivalents

❌ No algorithmic stable coins.

✅ 3️⃣ Full transparency

Stable coin issuers must:

Publish audits

Prove reserves

Separate customer funds

Designed to prevent collapses like FTX.

✅ 4️⃣ Banks & companies allowed

The Act allows:

U.S. banks

Licensed crypto firms

Fintech companies

To issue legal stable coins.

✅ 5️⃣ Strong opposition to CBDC

Trump rejects government-controlled digital dollars.

The Act supports:

❌ Central Bank Digital Currency (CBDC)

✅ Private stable coins (USDT, USDC style)

💡 Why the crypto market cares

Stable coins are the fuel of crypto liquidity.

• BTC pairs

• ETH trading

• DeFi protocols

All depend on stable coins.

More regulation clarity = more money entering crypto.

📈 Potential Market Impact
🟢 Positive

Institutional adoption

Bank participation

Higher liquidity

Lower regulatory fear

Historically:

Stable coin supply growth = bull market fuel.

🟡 Neutral

Bitcoin remains decentralized

No direct BTC control

🔴 Risks

Smaller stable coins may disappear

Stricter compliance

More KYC requirements

🧠 Simple Summary

• Focus: Stable coins

• Direction: Pro-crypto

• Goal: Regulation clarity

• Impact: Liquidity expansion

• BTC effect: Indirect but positive
#GeniusAtc

America intends to take a leading position in the bitcoin and digital assets industry. Donald Trump reiterated his vision: the USA must lead the technological and cryptocurrency revolution.
The USA will become a leader in the world of bitcoin and cryptocurrency
At the America Business forum in Miami, Trump stated that America must embrace cryptocurrency and become a world leader in innovation. According to him, this is a powerful industry backed by influential businessmen from various fields, not just cryptocurrency.

Regulation of stablecoins in the U.S. has become a battleground. While traditional banks raise alarms about potential risks to deposits and credit markets, the Blockchain Association has firmly backed the newly enacted GENIUS Act. Recently passed as the first comprehensive framework for digital assets, the act is being hailed by the association as a historic milestone in U.S. financial policy.

GENIUS: A New Foundation for the Digital Economy
In a letter addressed to key lawmakers — Senator Tim Scott, Senator Elizabeth Warren, House Financial Services Committee Chairman French Hill, and Representative Maxine Waters — the association stated:
“We express our strong and lasting support for the GENIUS Act. This bipartisan achievement must remain the cornerstone of U.S. digital asset policy.”
The association emphasized that the GENIUS Act establishes mandatory 1:1 reserves, requires transparency, and ensures federal oversight. According to them, the framework not only protects consumers but also gives entrepreneurs the confidence to innovate and build within the U.S., rather than moving operations overseas.

Banks vs. Stablecoins: The Data Tells a Different Story
Big banks argue that stablecoins could drain deposits, limit lending, and lower returns for customers. But the Blockchain Association counters that these fears are overstated:
$18 trillion currently sits in U.S. bank deposits$277 billion represents the entire global stablecoin market
The gap is so large, the group argues, that banks face no real threat. They also cited a recent study showing no link between stablecoin adoption and deposit flight from community banks.

A Clear Choice: Stability and Innovation
“The choice is clear. GENIUS is settled law. It works. And it must be defended,” the association stressed.
According to its supporters, stablecoins are not a danger but rather a step toward faster payments, lower costs, and broader access to credit. Rolling back the law, they warn, would send a chilling signal to investors and stall U.S. innovation — while other global powers continue to move ahead.
The GENIUS Act now stands as both a test for digital finance and a symbol of whether the U.S. can maintain its leadership in the global economy.

#Stablecoins , #blockchain , #GeniusAtc , #USPolitics , #CryptoNews

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