en.bitcoinsistemi.com
Last week, the US Senate rejected the cryptocurrency-friendly stablecoin bill $GENIUS.
However, while the $GENIUS Act is expected to pass after being re-voted in the Senate, Placeholder managing partner Chris Burniske said that Etheruem will gain the most benefit from the $GENIUS Act.
Evaluating the legislation from his account X, Burniske said that Ethereum ($ETH) is likely to be the crypto that will benefit the most from the passage of the $GENIUS Act proposed to regulate stablecoins.
Burniske noted that Ethereum would benefit the most from the $GENIUS law due to its large stablecoin ecosystem and robust decentralized finance (DeFi) infrastructure.
Stating that the interest of institutions in Ethereum and the long-term trust relationship cannot be ignored, the analyst stated that the $GENIUS Act could also have a positive impact on Solana ($SOL) and Tron ($TRX).
“Of all crypto assets, the $GENIUS Act would likely be most positive for Ethereum.
Given $ETH's stablecoin base, solid DeFi Infrastructure, and long-standing institutional relationship, that's my guess.
$SOL and $TRX will also benefit from this law and will not be far behind. $SOL and $TRX are dark horses that have been overlooked for historical reasons. Let's all see how everything turns out.”
*This is not investment advice.