#GENIUSActPass 🔹 Impact if the GENIUS Act becomes law:
1. Clear legal framework:
Helps clearly define whether a token is a security or a commodity, creating trust for investors and allowing businesses to operate legally.
2. Stablecoin becomes a pillar:
If recognized and managed properly, stablecoins like USDC could become a common payment method, replacing SWIFT in many cases.
3. The United States regains its position:
Leading the way in crypto legislation helps the U.S. steer global trends, preventing Web3 companies from leaving due to ambiguous legal environments.