The US Senate voting to pass the stablecoin legislation in the form of the GENIUS Act is super bullish news. Don't think we get movement until rates are cut and liquidity comes rolling in, but it's nice to get all the pieces ready.
#stacksats #sats #plebs #fellowplebs
How does the stablecoin legislation affect Bitcoin?
I would say regulatory clarity often spurs institutional adoption and a robust stablecoin ecosystem un reases the ease of moving in and out of #Bitcoin for some.
There is also a chain of thought that the US fully embracing Crypto as a whole gives other counties and their people more confidence in the ecosystem.
Ah I see, thanks
Not sure what word i was trying to use after ecosystem as my fat fingers have done me dirty again. 🤔
