Genius Act is like a mild illness but in a political sense, where the fever it causes is small but makes the body ache deeply to the bone, clearly showing its main target is the crypto immune system.
At first, they will say that this is not a restriction but merely supervision. A virus may indeed be like a mild illness, but they forget that it can mutate and become a destroyer.
Genius Act can clearly become a slow-growing regulatory cancer that will eventually kill decentralisation. This is another example of how crypto is gradually being steered in a direction that no longer aligns with its original purpose. Transaction freedom is being eroded in the name of security, so it’s not prevention but a disguised restriction system.