#USStablecoinBill ¿An opportunity or a threat to the crypto market?
In recent hours, the U.S. bill known as the GENIUS Act has sparked intense debates in the Senate. This legislation seeks to establish a federal regulatory framework for stablecoins but has faced significant obstacles due to concerns about preventing money laundering and financial security.
What does the GENIUS Act propose?
The GENIUS Act establishes that only entities authorized at the federal or state level can issue stablecoins, which must be backed in a 1:1 ratio by high-quality liquid assets. Additionally, a clear separation between the funds of issuers and the assets of clients is required, along with audited compliance reports on a monthly basis.
Impact on the cryptocurrency market
Spot: Regulatory uncertainty has led to a decrease in trading volume as investors adopt a wait-and-see stance.
Margin and Futures: Volatility has increased, presenting opportunities for experienced traders looking to capitalize on price movements.
Copy Trading: Investors using copy trading strategies must be attentive to how professional traders adjust their positions in response to regulatory changes.
Analysis of altcoin trends
Monthly: Bearish trend, reflecting a prolonged correction.
Weekly: Bullish trend, indicating a possible change in direction.
Daily: Bearish trend, showing short-term selling pressure.
Hourly: Bearish trend, suggesting caution in intraday trading.
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