GENIUS Act Don Pass, E Go Boost Stablecoin Payments, On-Chain Finance, Plus Benefit TRX And Sonic Ecosystems
US Senate don pass di GENIUS Act with strong support from both sides, dis na big step to control US dollar-backed stablecoins well well. Di law say companies wey dey issue am must keep 1:1 money wey dey easy to change to cash, dem go give monthly report to show how dem dey transparent, and dem go dey audit dem every year. Na only banks wey get federal or state license and other proper financial companies fit issue payment stablecoins, while foreign and tech companies go face strong rules. Di act also make anti-money laundering rules stronger and protect customers more. According to HTX DeepThink analysis, if dis bill become law, e go really help stablecoin payment and on-chain financial products, especially for TRX and Sonic networks. Dem expect say demand for short-term US Treasury go increase, long-term rates go come down, and dollar money go flow better for blockchain networks. Current market data show say 97% of Bitcoin addresses dey make profit and Bitcoin spot ETFs dey see plenty money enter, while if Treasury yields fall below 4.2%, Bitcoin fit reach new high. AttentionFi project, KAITO, don jump well well after dem list am for Huobi HTX. Overall, people dey see GENIUS Act as something wey fit make people look stablecoin payments and DeFi platforms again, and e go get big effect on how dem follow rules and how money dey flow for market.
Bullish
Di GENIUS Act, dem don arrange clear rules for stablecoins wey US dollar dey back, so institutional and retail users go fit trust am well. Dem say make dem get 1:1 money wey dem go keep, dem go dey check dem steady, and dem go get strong way to stop money laundering (AML). All dis one go fix di worries wey people get before about how stablecoin take get money and how safe e be. E go even make people use am well well for payment and DeFi business. HTX DeepThink tok say dis one go help TRX and Sonic well well, say blockchain dollar money go full ground and plenty people go dey find short-term US Treasury bonds. Bitcoin ETF money wey dey enter plenty and di high number of profitable BTC addresses don make crypto market dey hot. Also, if Treasury yields go down, e fit make Bitcoin price jump go new level. Di new clear rules and di dollar money wey go plenty fit make stablecoin and DeFi platforms dey okay for now and for future.