CoinVoice has recently learned that Nick Tomaino, the founder of 1confirmation, stated on the X platform that the GENIUS Act is very favorable for cryptocurrencies, and the market value of stablecoins will therefore grow rapidly by 10 times.

However, it might be better if this act is decided by market participants rather than by politicians influenced by corporate donors. The U.S. Congress agrees that stablecoins are beneficial for the U.S., and the best measure of the success of this act is the total market value of stablecoins. Anyone can spend money where it matters, and the market determines the best solution to achieve the goals. [Original link]