🇺🇸 The Stablecoin Act has opened the gates to a bull market beyond Bitcoin
The U.S. Senate has greenlit the GENIUS Act — the first-ever stablecoin legislation. The document changes the game:
🔒 Key provisions:
— Full backing of tokens by U.S. Treasuries and liquid assets
— License from federal regulators
— Annual audits and strict AML/CTF requirements
💬 Bitwise: "This is like launching a BTC-ETF, but for the entire stablecoin market".
📈 What this means for the crypto market:
— Stablecoins are coming out of the gray area: no longer "shadow dollars", but a legal part of the financial system
— Ethereum, Solana, DeFi (Aave, Uniswap, etc.) — stand to benefit as infrastructure for dollar transactions
— Potential market — $2.5 trillion+ over the next few years
💡 This is not just regulation — it’s the launch of a new phase of the dollar system, but already in Web3.
Now the question is not "will there be digital money?", but "who will issue it — banks, corporations, or governments?"
📌 If JPMorgan starts printing — it's still a dollar. But already corporate.