The possible approval of the GENIUS Act in the U.S. represents a turning point for the stablecoin market. According to David Sacks, this regulation would bring legal security to a market that already moves over $200 billion, unlocking massive demand for U.S. Treasury securities.
This is relevant because, in practice, the more stablecoins issued backed by Treasurys, the greater the connection of the crypto market with the traditional U.S. economy, digitally strengthening the dollar and expanding the liquidity of the global financial system.
Furthermore, if approved, the project could drive a new cycle of appreciation in the crypto market, with stablecoins becoming even more central in decentralized finance and in the everyday use of crypto assets.
In summary. What will lead to a historic Bull run:
With favorable regulation, the entry of institutional capital, and trust in the legal use of stablecoins could increase significantly. This would create a positive environment for the growth of cryptocurrencies, initiating a possible lasting bull run.
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