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#StablecoinLaw The US has just enacted landmark stablecoin legislation, the "GENIUS Act," aiming to regulate dollar-pegged cryptocurrencies. This new law mandates that stablecoins be fully backed by liquid assets like US dollars or short-term Treasury bills, and requires issuers to publicly disclose their reserves monthly. The GENIUS Act establishes a dual federal-state regulatory framework for stablecoin issuance, providing clarity and consumer protection to a rapidly growing market. This move is seen as a significant step towards legitimizing the crypto industry and bolstering the US dollar's global standing.
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$SUI Immediate price forecasts suggest SUI could target $4.20 - $4.50, and potentially push towards $4.75 - $5.00 by the end of July 2025 if buying pressure continues.
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Latest News
White House to Release First Cryptocurrency Policy Report
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BNB Surpasses 760 USDT with a 3.90% Increase in 24 Hours
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Federal Reserve's July Rate Decision Likely to Remain Unchanged
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Ethereum Experiences Decline Below 3700 USDT
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Ethereum(ETH) Drops Below 3,700 USDT with a Narrowed 3.02% Increase in 24 Hours
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