Washington's Crypto Coup: The GENIUS Act is LIVE 🏛️
The U.S. Senate just passed the GENIUS Act with overwhelming bipartisan support. This is the most significant piece of crypto legislation in U.S. history, and it creates a clear, regulated path for stablecoins.
Here’s why this is a game-changer:
Massive Growth for Stablecoins: The bill requires 1:1 backing for stablecoins, making them safer and more attractive for institutional use. Treasury officials predict this could ignite a $2 trillion market for tokens like USD Coin ($USDC).
Boost for Regulated Players: Companies like Circle (issuer of $USDC) and exchanges like Coinbase are massive winners. Circle's stock soared 34% on the news , and $USDC is now set to become eligible collateral for U.S. futures trading. This provides a massive advantage over other assets like Binance Coin ($BNB) which face continued regulatory scrutiny.
Trump's Backing: President Trump is pushing for the bill to be signed "ASAP," signaling a pro-crypto stance from the White House that is encouraging institutional investment.
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Disclaimer: Includes third-party opinions. No financial advice.
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