Summary
- Chris Burniske stated that Ethereum would benefit the most from stablecoin regulation if the GENIUS bill is implemented.
- Ethereum is expected to have a positive impact due to its strong stablecoin ecosystem and decentralized finance infrastructure.
- Solana and TRON are also expected to benefit from the GENIUS bill.
There is a claim that Ethereum (ETH) could benefit the most if the US stablecoin regulation bill 'GENIUS' is implemented.
On the 20th (local time), Chris Burniske, managing partner at Placeholder, stated on X (formerly Twitter) that "the GENIUS bill will have the most positive impact on Ethereum," because "Ethereum has a large stablecoin ecosystem and a robust decentralized finance (DeFi) infrastructure." He added, "The long-standing trust relationship built with institutions cannot be ignored."
Other cryptocurrencies are also expected to benefit. He mentioned, "Solana (SOL) could also benefit following Ethereum," and "TRON (TRX) is also an undeniable dark horse."
Meanwhile, today the cloture for the GENIUS bill's plenary session review passed the US Senate. The review procedure is a pre-stage for the formal bill processing, allowing the bill discussion to commence by blocking filibusters.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
