When President Donald Trump signed the GENIUS Act into law this past July, it marked a significant moment in the US legislative landscape, often heralded as the first comprehensive crypto bill aimed at fostering the growth and adoption of digital assets.

However, a recent analysis raises questions about the true purpose of this legislation, suggesting that it may be more about managing government debt than regulating crypto.

Crypto As New Mechanism For Government Debt Demand?

Market expert and crypto author Shanaka Anslem recently took to social media platform X (formerly Twitter) to share his insights, asserting that while many believed the GENIUS Act was primarily focused on regulating cryptocurrencies, emerging data reveals a different narrative.

He noted, “EVERYONE THOUGHT TH

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