๐๏ธThe spark of currency decline influenced by the decisions of the U.S. House of Representatives: Congress passes the GENIUS Act... and the regulation of digital currencies enters a new phase! ๐บ๐ธ๐ฅ
The U.S. House of Representatives today approved the GENIUS Act, which is the first comprehensive framework for regulating digital currencies and stablecoins, and it has been referred to President Trump's office for official signing.
โ๏ธ Key highlights of the law:
Comprehensive regulation of the stablecoin market
Defining the powers of regulatory authorities
Encouraging innovation and legalizing the sector instead of stifling it
๐ Despite the significance of the event, the market reaction has been relatively calm:
$BTC holds onto the $117,000 area without significant momentum
$XRP retreats to near $3.4 after a brief rally
๐ Analysis: Markets seem to have "priced in" the news in advance, or are waiting for Trump's signature to start actual movement... but the important thing is that the regulatory landscape has actually changed โ America is no longer ignoring crypto!
๐ฌ Do you expect the official signing to be the next spark for a strong rally? Or does the market need more than just a "law" to ignite? Share your opinion ๐
#CryptoNews #GENIUSAct #Bitcoin #XRP #Binance $WCT
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