ETH, XRP, SOL, TRX: GENIUS Act Lights a Fire Under Altcoins
- The Genius Act is set to give clear rules for stablecoins in the U.S.
- ETH and XRP may grow as stablecoin use increases.
- Fast blockchains like Solana and Tron attract more stablecoins now.
In an important development, the Genius Act has officially passed the U.S. Senate and is now expected to clear the House soon. This new law aims to bring clear regulations for stablecoins, a long-awaited move by both crypto investors and big companies alike.
Why Does It Matter?
Companies like Visa have been openly bullish on stablecoins for years, and now with this regulatory clarity, the race to issue and manage stablecoins is about to heat up.
Visa’s CEO has expressed strong confidence in the potential of stablecoins, and if big financial firms are this optimistic, it’s a good sign for the market.
Related: Commerce Secretary Howard Lutnick Uses Tariff ‘Windfall’ to Pressure Jerome Powell
Which Cryptos Could Gain the Most?
According to AltcoinBuzz, these projects are set to benefit as the Genius Act becomes law:
Ethereum (ETH)
Ethereum remains the biggest DeFi platform, hosting around 50% of all stablecoins, including USDT, USDC, and DAI. With …
The post ETH, XRP, SOL, TRX: GENIUS Act Lights a Fire Under Altcoins appeared first on Coin Edition.
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ETH, XRP, SOL, TRX: GENIUS Act Lights a Fire Under Altcoins
- The Genius Act is set to give clear rules for stablecoins in the U.S.
- ETH and XRP may grow as stablecoin use increases.
- Fast blockchains like Solana and Tron attract more stablecoins now.
In an important development, the Genius Act has officially passed the U.S. Senate and is now expected to clear the House soon. This new law aims to bring clear regulations for stablecoins, a long-awaited move by both crypto investors and big companies alike.
Why Does It Matter?
Companies like Visa have been openly bullish on stablecoins for years, and now with this regulatory clarity, the race to issue and manage stablecoins is about to heat up.
Visa’s CEO has expressed strong confidence in the potential of stablecoins, and if big financial firms are this optimistic, it’s a good sign for the market.
Related: Commerce Secretary Howard Lutnick Uses Tariff ‘Windfall’ to Pressure Jerome Powell
Which Cryptos Could Gain the Most?
According to AltcoinBuzz, these projects are set to benefit as the Genius Act becomes law:
Ethereum (ETH)
Ethereum remains the biggest DeFi platform, hosting around 50% of all stablecoins, including USDT, USDC, and DAI. With …
The post ETH, XRP, SOL, TRX: GENIUS Act Lights a Fire Under Altcoins appeared first on Coin Edition.
Read More