Trump’s cryptography could kill decentralized stablecoins

The political landscape of the United States has just changed Procrypt – And it’s already causing waves in the Stablecoin market.

Following Donald Trump’s victory over Kamala Harris in the presidential election, the new administration has waste no time moving forward with its code-friendly agenda. As promised, Trump has launched multiple procrypt policies, including the creation of a special SEC task force focused on building a clear regulatory framework for cryptocurrency.

Now, the spotlight lies in the act of genius, a groundbreaking stable coin bill that can redefine the future of American digital finance.

What is a genius act?

Stablecoins are digital assets pinned in Fiat currency, such as the US dollar. The current market capitalization is over $261 billion, with Stablecoins such as Tether (USDT), USDC and USDS dominating the segment.

Genius is a new law passed to regulate this rapidly growing space. It may seem like just another compliance step, but crypto experts like Quinten believe that the impact could be much greater.

Key Features of Genius Law

This law introduces Strict regulations For Stablecoin publishers. This is what has been changed:

• A license is required: All issuers must be approved by state or federal authorities.
• Backed by safe assets:Stablecoins must be returned to 1:1 by Cash or US Treasury.
• Monthly Preliminary Report: Publisher must publish details Monthly preliminary data.
• AML and KYC Compliance:Full compliance Money Laundering Anti Money Laundering and I know the customer Rules.
• There is no political affiliation: The publisher must not be bound by political organizations.

But critics have already frowned upon the involvement of the world’s free finances, which is reportedly linked to Trump’s family.

How can it increase our stable control?

According to Quinten, the Genius Act provides much needed legal clarity, especially for banks and businesses seeking to issue their own digital dollars.

His virus posts on X argue that the law will lead to a surge in ridiculous adoptions by major institutions.

Insider Buzz suggests that giants like Amazon, Apple, Walmart and JP Morgan are already preparing to enter the Stablecoin space.

Bad news about decentralized stubcoin?

The law supports the insane and ridiculousness of the system, but it could crush decentralized projects.

Here’s why:

• Unauthorized publishers are prohibited From activities in the US
• The government can freeze stubcoin assets Of will.
• Non-compliance leads to a five-year prison term or A fine of $1 million.

Quinten warns that the crackdown could force decentralized and foreign stubcoins to banish the US market altogether.

Final Thought: Is the act of genius the beginning of a new era?

The act of genius shows a clear pivot of US crypto policy – supporting digital assets of regulation, institutional adoption and dollar support. Opens new doors for a stable coin for businesses, but it also risks watching the sidelines of decentralized innovation. With Trump’s pro-crypto task force gaining momentum, the US may soon lead the world in regulated digital asset development, but what cost?