Bitcoin Magazine

Bitcoiners Should Care About The GENIUS Act

Bitcoin Magazine Bitcoiners Should Care About The GENIUS Act Stablecoins are the focus of the GENIUS Act, but if the bill is enacted into law, it will likely have an impact on U.S. citizens’ ability to use Bitcoin privately. This post Bitcoiners Should Care About The GENIUS Act first appeared on Bitcoin Magazine and is written by Frank Corva.

May 22, 2025 - 01:20

0

Bitcoiners Should Care About The GENIUS Act

Bitcoin Magazine

Bitcoiners Should Care About The GENIUS Act

While the GENIUS Act is a stablecoin bill, U.S.-based Bitcoin enthusiasts should be paying attention to the language in the bill as it pertains to the ability to transact privately with crypto assets — including bitcoin.

Two documents that recently circulated among Senate Banking Committee Democrats indicate that Senate Democrats want to see amendments made to the GENIUS Act that would greatly reduce user privacy in crypto transactions.

Senate Democrats’ Analysis of GENIUS Act

The first of these two documents is a two-pager entitled “Banking Committee Democratic Staff Analysis on Latest GENIUS Act Draft”.

</div>
<div class=

Gryphon to Merge with Eric Trump’s American Bitcoin

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.