GENIUS Act Predicted to Boost Cryptocurrency Market

According to Odaily, Nick Tomaino, founder of 1confirmation, expressed on the X platform that the GENIUS Act is highly beneficial for cryptocurrencies, predicting a tenfold increase in the market value of stablecoins. He suggested that the act would be more effective if market participants, rather than politicians influenced by corporate donors, were responsible for its implementation. The U.S. Congress has acknowledged the advantages of stablecoins for the country, and Tomaino believes that the best measure of the act's success is the total market value of stablecoins. He emphasized that anyone can invest wisely, and the market should determine the best approach to achieve these goals.