The GENIUS Act’s $250M battle begins now: Bitcoin stands as the last bastion against censorship

The GENIUS Act became law on July 18 after Congress settled that stablecoins should be regulated. What happens next is a two-year rulemaking war that determines whether $250 billion in existing stablecoins flows into bank-wrapped structures or fragments into offshore silos, and whether Bitcoin and Ethereum capture the fallout or get buried under it. Justin The post The GENIUS Act’s $250M battle begins now: Bitcoin stands as the last bastion against censorship appeared first on CryptoSlate.