#بيتكوين_تتجاوز_100_ألف_دولار #اخبار_امريكا #كريبتو_العرب $BNB
The stablecoin law is here, and here's why Bitcoin enthusiasts are celebrating its approval. The price of Bitcoin (Bitcoin-BTC) has dropped to around $104,450 during the trading session yesterday morning after its recent surge, coinciding with the U.S. Federal Reserve's decision on its monetary policies and the intensifying geopolitical tensions between Israel and Iran. Despite facing selling pressures recently, the markets regained their positive momentum after the U.S. Senate approved the GENIUS Act, a pivotal step in regulating stablecoins within the United States.
The U.S. Senate has approved the GENIUS Act - aimed at guiding and enhancing national innovations related to stablecoins within the United States - by a majority of 68 votes to 30, becoming the first federal law to regulate stablecoins backed at par with their fiat counterparts. The law mandates stablecoin issuers to maintain cash reserves at a 1:1 ratio, undergo audits by neutral parties, and obtain the required regulatory licenses.
It is worth noting that stablecoins compliant with the new legislation will operate outside the oversight of the U.S. Securities and Exchange Commission (SEC), representing a turning point in favor of crypto innovations. This legal clarity is expected to encourage institutions to adopt stablecoins and expand institutional participation in digital asset markets, with Senator Bill Hagerty describing the law as a strategic step towards transforming the United States into the 'global crypto capital.'
The intensifying geopolitical tensions loom over the markets.
Geopolitical tensions in the Middle East continue to cause traders to shy away from the markets following the escalation of conflict between Iran and Israel after U.S. President Donald Trump's call on social media for Iran to 'unconditionally surrender,' leading to increased doubts surrounding the potential role of the United States in this conflict and igniting an atmosphere of uncertainty.