币界网报道：The proposed "Genius Act" in the U.S. is sparking debate as critics argue it could enforce "fiat slavery" by restricting cryptocurrency innovation. The bill, introduced by Senator Elizabeth Warren, aims to impose strict regulations on digital assets, including stringent KYC/AML requirements and potential bans on privacy-focused coins. Opponents claim the legislation would stifle technological progress and financial freedom, favoring traditional banking systems over decentralized alternatives. Supporters argue it's necessary to prevent illicit activities and protect consumers. The crypto community warns that overregulation could drive innovation overseas, with industry leaders calling for balanced policies that foster growth while addressing risks. The bill's future remains uncertain amid growing political polarization on crypto regulation.