GENIUS Act Dey Clear Rules, Ethereum Rally Boost Altcoins
Di GENIUS Act wey dem sign for 18th July, e introduce di first federal regulation on stablecoin by set clear reserve requirements, protect consumers and put AML standards dem. Di GENIUS Act also give tax benefits and separate token types to help DeFi innovation. E clarify di crypto regulations for digital assets. As that one dey happen, di House (parliament) pass the CLARITY Act wey exempt non-custodial DeFi activities from registration but still get some gaps for derivatives protocols and state pre-emption.
Dis regulatory clarity boost market confidence, push total crypto market cap pass $4 trillion. At di same time, Ethereum gain over 30% as traders dey expect e Shanghai upgrade and ETH reach multi-month highest level. Analysts now dey recommend top altcoins based on strong fundamentals like Polygon (MATIC) for Layer-2 scalability, Solana (SOL) for fast transaction and Avalanche (AVAX) for DeFi growth. Bitcoin (BTC) still dey hold about 45% market dominance, making dollar-cost averaging a good strategy as di bullish momentum continue.
Bullish
Di tori good for cryptocurrency market. For short time, di first federal stablecoin framework from GENIUS Act and CLARITY Act DeFi exemption dey reduce regulatory wahala, e dey encourage institutions and traders to increase how dem dey expose themselves. At di same time, Ethereum rally 30% before im Shanghai upgrade show say demand for on-chain strong and people dey positive, e dey spread to altcoins like MATIC, SOL and AVAX. For long term, clearer crypto rules and tax incentives fit attract more institutional money, support DeFi growth and keep market dey expand. Bitcoin 45% dominance sef dey form solid base for dollar-cost averaging strategies, e dey strengthen the upward momentum.