The possible approval of the GENIUS Act in the US represents a turning point for the stablecoin market. According to David Sacks, this regulation would bring legal security to a market that already moves more than $200 billion, unlocking massive demand for US Treasury bonds.
This is relevant because, in practice, the more stablecoins issued backed by Treasurys, the greater the connection between the crypto market and the traditional US economy, strengthening the dollar digitally and expanding the liquidity of the global financial system.
Furthermore, if approved, the project could spark a new cycle of appreciation in the crypto market, with stablecoins becoming even more central in decentralized finance and the everyday use of crypto assets.
In summary. What will lead to a historic Bull run:
With favorable regulation, the influx of institutional capital and confidence in the legal use of stablecoins could increase significantly. This would create a positive environment for the growth of cryptocurrencies, initiating a possible enduring bull run.
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