Cryptocurrencies experienced a notable uptick in trading yesterday, buoyed by significant regulatory advancements in the united States during the recently concluded “Crapeto Week.” The landmark “Genus Act,” aimed at regulating stablecoins, was signed into law, signaling a new era for digital assets.
Bitcoin saw a modest increase of 0.98%,reaching $119,358.53 thousand. Ethereum rose by 1.69% to $3,789.95,while Solana surged 5.29% to $190.04. The ruble also climbed 0.44% to $3.523, and Dujuen Queen gained 1.56% to $0.2752.
The “Genus Act,” signed by U.S. President Donald Trump last Friday, marks the first federal legislation to regulate stable currencies, paving the way for their wider adoption in daily financial transactions. This legislative achievement, celebrated by lawmakers as a major win during “encrypted currency week,” received bipartisan support, including a personal push from president Trump for Republican legislators to back the bill.
During the signing ceremony at the White House, attended by prominent figures in the cryptocurrency industry, President Trump declared the stablecoin law a “huge ratification of digital currencies.” This growth is anticipated to accelerate the integration of stablecoins into the financial mainstream, with many major banks and fintech companies expected to explore their use in everyday commerce.
