#CryptoStocks Yes to the USA's GENIUS Act: what does it mean for the crypto world?

- Market Mover by ChainOracle

The resistance from some opposition figures has been of no use: the GENIUS Act has been approved by the United States Senate. An outcome that was almost taken for granted even the day before, with 68 votes in favor and 30 against. It aims to regulate the issuance and circulation of stablecoins. Strongly desired by Donald Trump and his entourage, the law has the potential to redefine new balances more generally in the entire crypto world.

Regulating the sector would help make stablecoins an increasingly widespread tool, especially as a payment method to rely on in daily life, being able to count on the association between their price and the value of another asset. In this way, even those who are not inclined to invest could include them in their portfolio without exposing themselves to volatility risk. Some large companies have already shown interest with the intention of launching their tokens: leading the pack are Big Techs like Apple, Google, Meta, and X.