#GENIUSActPass GENIUS is considered a significant milestone for the cryptocurrency market because:

▫️It brings regulatory clarity: It reduces legal uncertainty for issuers and users of stablecoins, which can boost adoption and growth in the sector.

▫️It increases trust: By requiring backing and transparency, the law aims to prevent cases of reserve shortfalls and enhance the confidence of investors and institutions in stablecoins.

▫️It facilitates integration with the traditional financial system: With a clear legal framework, stablecoins can be more easily integrated into payments, cross-border transactions, and decentralized finance (DeFi) platforms.