GENIUS Act might bring trillions in institutional crypto capital: specialists weigh in
The post GENIUS Act might bring trillions in institutional crypto capital: specialists weigh in appeared on BitcoinEthereumNews.com. Genius Act clears U.S. Senate, indicating a major shift in stablecoin regulation. He said in a note sent to crypto.news: “By providing definitive regulatory guardrails for stablecoins, it clears the final significant difficulty for institutional adoption,” Auerbach stated. “As stablecoins start to rise towards Citibank’s projected $1.6 trillion market by 2030, the game-changing facilities will not just be the stablecoins themselves– it will be the payment funding layer that changes them into effective tools for global commerce,” Erbil Karaman, co-founder of Huma Financing, separately stated.
Stablecoins will transform everyday life. Stablecoin regulation opens the capacity for businesses to develop products that reach millions, said Stephane Gosselin, CEO of OneBalance. “Stablecoins, particularly dollar stablecoins, can assist everyday families by making remittances much faster, safer, and cheaper, and securing their savings from inflation,” Retting mentioned. Stablecoins might become a threat to privacy. Wider stablecoin adoption also creates a concrete risk to privacy, with some comparing them to central bank digital currencies.
