GENIUS Act
Coinbase CEO Brian Armstrong Opposes Senate Democrats’ Plan to Extend ID Verification to Decentralized Finance
The proposed rules would force open-source coders into the role of financial gatekeepers.
US Treasury Weighs Digital ID Verification in DeFi Under GENIUS Act
Coding KYC into smart contracts threatens to turn permissionless finance into a gated system.
The GENIUS Act: Stablecoins Win Big But Privacy Takes a Hit
The US just embraced crypto, but only if it reports back to the motherland.
Senate Moves Forward with GENIUS Act Requiring Stablecoin Issuers to Enforce KYC, Monitor Transactions, and Report Suspicious Activity
The bill’s passage could set the stage for the US to become the global hub for digital currency, but at the cost of heightened surveillance and tighter control.