🔥The GENIUS bill recently signed into law by President Donald Trump has struck a blow against profit-generating stablecoins, which are stablecoins that allow users to earn interest through staking or lending. This move cuts off the channel for passive income generation for both individual and institutional investors in the U.S., forcing them to pivot towards DeFi where Ethereum reigns supreme.

Experts suggest that as the dollar ceases to yield profit, DeFi will become the new fortress for capital seeking yield. This is a golden opportunity for Ethereum and the decentralized finance ecosystem to accelerate, especially in the context of traditional banks being accused of protecting exclusive profit privileges by preventing interest-bearing stablecoins.

Senator Gillibrand bluntly admitted that interest-paying stablecoins could kill traditional banks. Meanwhile, the crypto supporters countered: this is not regulation, but anti-competitive behavior disguised as law.

GENIUS tightening stablecoins does not stifle the market; rather, it could trigger a wave of capital flowing into DeFi, turning the stablecoin season into a DeFi season on Ethereum. Organizations will have to choose between continuing to endure traditional interest rate control or chasing yields on the blockchain.