Founder of 1confirmation: The market value of stablecoins will increase tenfold due to the approval of the GENIUS Act

ChainCatcher news, 1confirmation founder Nick Tomaino posted on the X platform that the GENIUS Act is very favorable for cryptocurrency, and the market capitalization of stablecoins will quickly grow 10 times as a result.

However, it might be better if the bill were decided by market participants rather than politicians influenced by corporate donors. The U.S. Congress agrees that stablecoins are beneficial for the United States, and the best measure of the bill's success is the total market capitalization of stablecoins. Anyone can spend money wisely, and the market determines the best solution to achieve the goals.