The US Senate has passed the GENIUS Act, which aims to significantly change the regulation of the cryptocurrency market, opening new investment and development opportunities.
Purpose of the GENIUS Act
The GENIUS Act, supported by Crypto Czar David Sacks, provides regulatory clarity for the cryptocurrency market, potentially unlocking trillions of dollars. It emphasizes the existence of over $200 billion in stablecoins, which remain unregulated.
Impact on the Crypto Market
With the passage of the GENIUS Act, an increase in demand for cryptocurrencies is expected, along with the emergence of new investment opportunities. Markets have reacted positively, predicting a rise in crypto adoption and infrastructure development. Participation from traditional financial institutions is expected to increase, serving as a catalyst for greater liquidity.
Future Perspectives of the Market
The potential for increased demand for stablecoins, such as USDC and USDT, promises to integrate cryptocurrencies into the financial mainstream. Sacks anticipates that the Act may enhance the position of the US dollar in digital finance, which will also affect the economy as a whole.
The adoption of the GENIUS Act may open new horizons for crypto innovations, potentially accelerating the transformation of the US financial system and strengthening its position at a global level.
