🚨 GENIUS Act just got real

Fed, Treasury, FDIC, OCC, and NCUA dropped a joint proposal: stablecoin issuers must now run full KYC like banks

What this means:

• Customer ID programs (CIPs) are mandatory

• Identity verification before onboarding

• Record keeping + screening = compliance hell

• Same AML rules banks deal with

This isn't a draft anymore. Regulators are moving fast to box in $USDT $USDC and every stablecoin issuer

Bullish for compliant stables. Bearish for privacy maxis. The rails are getting institutionalized whether we like it or not