According to the Stellar wallet platform, Scopuly, XLM price is predicted to rise in light of new legislation in the US that could alter the cryptocurrency market.
Potential of US Legislation
Scopuly claims that several new bills, such as the GENIUS Act, CLARITY Act, and Anti-CBDC Act, could create a foundation for stable growth in cryptocurrencies. The GENIUS Act, expected to be signed by the president, introduces the first federal bill for stablecoins requiring 1:1 reserves and full transparency.
ISO 20022 Advantages for Stellar
Stellar already complies with the ISO 20022 standard, which is becoming essential for financial systems worldwide. This gives Stellar an edge in fast and secure transactions, especially in the context of new laws aimed at simplifying operations with cryptocurrencies.
Analysts Predict XLM Growth
Analysts believe that legislative changes and the willingness of financial institutions to embrace cryptocurrencies create conditions for potential growth in XLM's value. Although the price of XLM has not reacted yet, significant increases are predicted if new laws are passed and institutional investments are attracted. Scopuly believes that Stellar, having prepared for these changes, may find itself in a winning position.
Given the upcoming legislative changes and Stellar's unique advantages, observing analysts suggest a pathway for potential growth in XLM. The shift toward compliant frameworks could open new opportunities for cryptocurrency markets.
