#GENIUSAct 🇺🇸United States gives the green light to the GENIUS Act to regulate stablecoins.
Tether will eliminate USDT on 5 cryptocurrency networks.
The ecosystem is still in the midst of the frenzy marked by the new all-time highs of bitcoin (BTC), which has already surpassed USD 120,000. Now the focus is on a group of cryptocurrencies that are rising strongly, aiming for what is known as an altseason.
Ethereum is the best positioned in this path, benefiting from a positive flow of ETH ETFs, which this week recorded unusual inflows. This growing capital is expected to have a favorable influence on the price of the cryptocurrency, which is experiencing one of its best moments. In legislative matters, the approval of the GENIUS Act to regulate stablecoins in the United States Congress stands out. The Act was quickly signed by Donald Trump. While some view the regulation very positively, other voices in the ecosystem are raising concerns about the dangers that may arise from the regulation.
At the regional level, the creation of a platform to trade bitcoin derivatives in El Salvador stands out. This comes as the European Union makes new advances with the digital euro, all with the aim of accelerating the launch of the CBDC.