๐จ JUST IN: $ZAMA | GENIUS Act Raises Big Alarm ๐จ
New York AG Letitia James and 4 District Attorneys have issued a serious warning regarding the GENIUS Act โ ๏ธ โ they say that this law could provide โlegal coverโ for stablecoin fraud.
๐ According to CNN:
Prosecutors claim that issuers like Tether ($USDT ) and Circle ($USDC ) have an incentive to selectively freeze funds โ
๐ฐ continuing to profit
๐ซ and not fully cooperating with law enforcement
๐งจ Shocking claim:
โFunds that are stolen or converted into USDT are never frozen, seized, or returned.โ
๐ค The question is:
Is this act protecting innovation โ
or is it silently enabling fraud?
๐ What do you think? Is regulation necessary or is this an attack on crypto freedom?
๐ฌ Comment and start the discussion!
#CryptoNews #GENIUSAct #Stablecoins #USDT #USDC #BlockchainRegulation #BreakingNews ๐
