U.S. Vice President Supports GENIUS Act for Stablecoin Expansion – Coincu
The post U.S. Vice President Supports GENIUS Act for Stablecoin Expansion – Coincu appeared on BitcoinEthereumNews.com.
Key Points: Vice President Vance endorses GENIUS Act for stablecoin expansion. Stablecoin use set for major growth in the U.S. Market transparency and coin holder protection emphasized. U.S. Vice President Vance announced support for the GENIUS Act during the Bitcoin 2025 Conference, promoting increased stablecoin use and market transparency. This initiative targets the expansion of digital payments and enhanced coin holder protection. Once the GENIUS Act becomes law, it could significantly boost the use of stablecoins, presenting new opportunities within the digital payment sector. GENIUS Act to Transform U.S. Digital Payment Landscape Vice President Vance’s statement aligns with the anticipated GENIUS Act, expected to augment stablecoin usage as a payment method across the United States. The GENIUS Act’s main objective is to enhance financial systems by leveraging stablecoin technologies for wider adoption. The proposed law intends to transform digital payments while also providing better security and transparency for stablecoin holders. It marks a significant step towards modernizing and securing digital transactions in the financial markets. Market responses illustrate optimism, with stakeholders seeing potential in the GENIUS Act’s approach to integrating stablecoins broadly. “This legislation promises to revolutionize payments,” stated Andrea Mercado, an analyst at Global Finance Insights. Historical Milestones and Bitcoin’s Market Dynamics Did you know? President Vance’s support for the GENIUS Act mirrors a 2010 milestone when early digital currencies first gained legitimacy in regulatory frameworks. As of May 28, 2025, Bitcoin (BTC) trades at $107,613.01, with a market cap of $2.14 trillion and a market dominance of 62.92%. The 24-hour trading volume hit $49.28 billion, and BTC experienced mixed price shifts: a 1.90% dip in the past 24 hours and a 30.83% rise over 60 days (source: CoinMarketCap). Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 19:22 UTC on May 28, 2025. Source: CoinMarketCap Coincu experts project that the…
Filed under: News - @ May 28, 2025 11:23 pm