🔥ATTENTION🔥
🇺🇸 The U.S. declared July 14 to 18 as the #Cryptocurrency Week
💥3 KEY laws are being debated:
▫️CLARITY Act
▫️GENIUS Act
▫️ANTI-CBDC Act
What characteristics do these acts have and why will they IMPACT #Bitcoin❗ and #cripto ⁉️
1️⃣CLARITY defines which crypto is "commodity" and which is "security," and provides a clear legal framework for the industry.
▪️This gives legal certainty to exchanges, projects, and users.
▪️It may mark the END of regulatory chaos.
2️⃣ANTI-CBDC prohibits the U.S. from launching a state digital currency.
▪️Privacy over surveillance.
▪️#Crypto is the OPPOSITE of what CBDCs propose and their utmost centralization.
3️⃣GENIUS Act regulates #stablecoins and could be the most impactful act.
▪️The Director of Digital Assets claims that #BTC and #cripto could easily reach $15-20 TRILLION if GENIUS is approved.
▪️With only $5T in BTC, the price would be $238,000.
👉Stablecoins are the most used product of the #blockchain :
▪️$250B of stablecoins in circulation
▪️Interest from $JPM, $V, $AMZN, and $WMT
▪️Massive revenues for issuers
▪️Additionally, they benefit the U.S. government itself.
▪️Strengthen the dominance of the dollar
▪️Stablecoins are the 12th largest holder of Treasury bonds
👀The GROWTH of the stablecoin industry STRENGTHENS the DOLLAR's DOMINANCE. For this reason, the U.S. is so focused on growing the Crypto industry.