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    Home»Markets»Bitcoiners Ought to Care About The GENIUS Act
    Bitcoiners Ought to Care About The GENIUS Act
    Markets

    Bitcoiners Ought to Care About The GENIUS Act

    By Crypto EditorMay 21, 2025No Comments4 Mins Read
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    Whereas the GENIUS Act is a stablecoin invoice, U.S.-based Bitcoin fanatics must be being attentive to the language within the invoice because it pertains to the flexibility to transact privately with crypto belongings — together with bitcoin.

    Two paperwork that lately circulated amongst Senate Banking Committee Democrats point out that Senate Democrats wish to see amendments made to the GENIUS Act that will vastly scale back person privateness in crypto transactions.

    Senate Democrats’ Evaluation of GENIUS Act

    The primary of those two paperwork is a two-pager entitled “Banking Committee Democratic Workers Evaluation on Newest GENIUS Act Draft”.

    🚨NEW: Senate Banking Committee Democrats simply dropped a scathing workers evaluation of the newest GENIUS Act draft forward of this night’s cloture vote.

    Staffers describe the newest GENIUS Act draft as a blueprint for ‘Trump crypto corruption’ and Huge Tech dominance over digital… pic.twitter.com/Gqd2LxFGx1

    — Eleanor Terrett (@EleanorTerrett) Could 19, 2025