GENIUS Act changes would be a ‘national security trap’: Crypto execs

Crypto executives are expressing concerns that proposed changes to the GENIUS Act could pose a significant threat to national security. They argue that the legislation, aimed at regulating cryptocurrency, may inadvertently stifle innovation and drive businesses overseas. Critics warn that the increased regulatory burden could hinder the U.S.'s competitive edge in the global crypto market. The executives emphasize the need for a balanced approach that fosters growth while ensuring security. Overall, there is a call for lawmakers to reconsider the implications of the proposed changes on the industry.

Read the full article: Coin Telegraph