Attention, everyone! I bring you news that is shaking up the political landscape and the universe of digital currencies at the same time. It seems that in the United States, they got tired of the uncertainty and decided to bring order to the matter. 🇺🇸
It turns out that the Trump administration has just signed a new law called the "GENIUS Act". 📜 And what does this marvel do? Well, it sets clear rules for stablecoins, which are those cryptocurrencies designed to have a stable value, almost always pegged to the dollar. With this law, it is now required that those who create them have real asset backing and follow a bunch of rules to protect people. More security for your digital wallet! 🛡️💸
The one who went all out to celebrate was Brad Garlinghouse, the CEO of Ripple (the company behind the crypto XRP). He said that this is the friendliest stance a U.S. government has taken towards the industry and that it is a giant step towards the clarity they so desperately needed. 🎉
And he wasn't the only one celebrating. Figures like Ripple's legal director, Coinbase's operations chief, and even TRON's creator, Justin Sun, came out to say that this is a victory. They argue that having clear rules not only protects investors but also helps the dollar maintain its strength in the new global financial system. For a company like Ripple, which has had its own battles with regulators, this is like starting a new chapter on the right foot.
This is just beginning, so we must pay close attention to how this new relationship between power and the crypto world evolves. 👀$TRUMP $XRP
