October 2026
What this doesn't show
- No unified system. These are separate markets and regulators. A freeze requires a "lawful order" subject to review, which is in principle more due process than Tether's discretionary freezes.
- Existing banks already have similar powers. Bank Secrecy Act duties and Tether/Circle freezes predate GENIUS.
- No evidence that prediction-market data feeds intelligence agencies.
- Investor overlap isn't coordination. Founders Fund invests widely.