🚀 Even Though Janet Yellen is Concerned, the Crypto Market Still Welcomes Good News!
Former US Treasury Secretary Janet Yellen – who is known for her skepticism towards crypto – recently expressed concerns about the GENIUS Act, the stablecoin legal framework recently passed by the US Congress.
🌟 Notably: Despite her skepticism, Ms. Yellen still recognizes that the Congress's development of laws for stablecoins is an important step, continuing the efforts from 2020 by herself and the Financial Markets Working Group.
📈 The fact that a “tough” person like Yellen acknowledges the importance of stablecoins shows that crypto has entered a stage of development that cannot be ignored, forcing regulators to work on refining the legal framework.
💡 Despite her cautious stance, the GENIUS Act paves the way for stablecoins to be recognized legally, creating a solid bridge between crypto and traditional finance – a factor that the community hopes will attract more significant capital flows.
✅ The crypto market is witnessing strong legalization, promising many new opportunities for stablecoins and blockchain projects in the upcoming period!
