Viewpoint: The market capitalization of stablecoins will rise tenfold due to the approval of the GENIUS bill.

Nick Tomaino, founder of 1confirmation, said in an article on the X platform that the GENIUS Act is very beneficial to cryptocurrencies, and the market value of stablecoins will increase by 10 times as a result. But it might be better if the bill was decided by market participants through it, rather than by politicians at the mercy of corporate donors. The U.S. Congress agreed that stablecoins are good for the United States, and the best measure of the bill’s success is the total market capitalization of stablecoins. Anyone can put their money where it counts, and the market decides the best way to achieve it.