GENIUS Act: What It Means for Crypto Regulation and Your Wallet

When you hear GENIUS Act, a proposed U.S. legislative framework aiming to bring clarity to cryptocurrency regulation by defining digital asset roles and enforcing compliance. Also known as the Generating Energy and Utility Innovation for Security Act, it’s not law yet—but it’s already changing how exchanges plan for the future. This isn’t just another bill. If passed, it would force every U.S.-based crypto platform to prove they’re not just trading tokens, but following strict rules on identity, reporting, and security.

The KYC requirements, the process of verifying a user’s identity before allowing crypto transactions you see on Coinbase or Kraken? The GENIUS Act would make those mandatory across the board, with penalties for non-compliance. It also targets AML crypto, anti-money laundering efforts designed to stop criminals from using digital assets to hide illegal funds by requiring exchanges to file Suspicious Activity Reports (SARs) just like banks do. That means your account could get flagged if you send $10,000 in crypto to a new address—no matter if you’re just sending money to a friend.

And it’s not just about identity. The GENIUS Act could push privacy coins like Monero and Zcash off major U.S. exchanges, following the same path as Europe’s FATF rules. You’ll see more delistings, more restrictions, and fewer anonymous trades. Meanwhile, platforms that don’t comply could lose their licenses overnight. This isn’t speculation—it’s already happening in Vietnam with Directive 05/CT-TTg, and in Turkey with its $10 million capital requirements. The U.S. is just catching up.

What does this mean for you? If you’re using an unregulated exchange like LocalTrade or Decoin, you’re already at risk. The GENIUS Act won’t protect you—it’ll make those platforms disappear. But if you’re on a compliant exchange, it could mean more safety, fewer scams, and clearer rules. The real winners? Projects that build with transparency, like VoltSwap on Meter blockchain or Flux’s decentralized cloud network. They’re already ready for this shift.

Below, you’ll find real reviews of platforms that are either getting crushed by regulation—or adapting fast. Some are scams. Some are ahead of the curve. And some? They’re the only ones that will still be standing when the GENIUS Act becomes law.