You’re wrong about the GENIUS Act

Key Points

1. The GENIUS Act does not remove government control over money, make Bitcoin tax-free, or legalize decentralized finance (DeFi).

2. It breaks Wall Street's long-standing monopoly on global dollar clearing, making access to financial systems more difficult for some.

3. The Act represents a significant shift against financial authoritarianism and surveillance-based financial regimes.

4. It aligns with the trend of stablecoin-driven dollarization and challenges the US financial apparatus's surveillance practices.

5. The Act's passage reflects a broader resistance to financial imperialism and a move towards more open access to dollars and crypto.