The GENIUS Act (Stablecoins Act) passed in USA this week in the Senate and president Donald Trump has signed it.
What that means for the crypto market?
- Market Boost and Investor Confidence, More Capital Flow.
But it has some cons too. But people seem not to have any clue about it. But in the future these bear great risks for privacy and freedom of speech!
Risks they enable CBDCs (central bank digital currencies), eroding privacy and leading to government controlled digital money or social credit systems. They can dictate where and how much you can spend or even freeze all your accounts!
1984, George Orwell realized 😅😭💀