Last night the GENIUS bill was officially signed into law by TRUMP.
The GENIUS Stablecoin Act will provide commercial banks with a clear legal framework to access and issue Stablecoins. This will bring millions of customers of those banks closer to Crypto.
Banks can choose chains such as: #ETH #SOL #SUI #XRP or #ADA ... to develop their own Stablecoins. This will directly benefit ETH and altcoins from this legislation.
Bitcoin has also had a slight sell-off after a few days of rising to the $120k range.
Currently, BTC has not yet broken through 115,7k$ from the previous day, so there is nothing to worry about? Those who do not have coins can consider buying during such red periods. No one can perfectly catch the bottom.