The cryptocurrency market reaches new milestones as the GENIUS Act advances, promising comprehensive regulation for the growing stablecoin sector.
Bitcoin has surged to a new record of $112,000, while the U.S. stablecoin regulation bill (GENIUS Act) progresses through legislative channels. The bill aims to establish a regulatory framework for stablecoins, particularly affecting major players like USDT. This development coincides with increased integration of stablecoins into the global financial system and growing competition among stablecoin projects.