Viewpoint: Stablecoin market value will increase 10 times due to approval of the GENIUS Act
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Planet Daily News: 1confirmation founder Nick Tomaino posted on X platform, stating that the GENIUS bill is very favorable to cryptocurrencies, and the market capitalization of stablecoins will rapidly grow 10 times as a result. However, it might be better if the bill were decided by market participants rather than politicians dominated by corporate donors. The U.S. Congress agrees that stablecoins are beneficial to the United States, and the best metric for measuring the bill's success is the total market capitalization of stablecoins. Anyone can spend money wisely, and the market determines the best approach to achieving goals.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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