Trump Signs GENIUS Act, Boosting Ethereum DeFi and US Crypto Ambitions
TL;DR
The US GENIUS bill's ban on yield-bearing stablecoins is expected to boost demand for Ethereum-based DeFi applications, as investors seek alternative ways to generate passive income, potentially leading to increased institutional interest and a shift in the stablecoin landscape.
- GENIUS' ban on stablecoin yield will drive demand for Ethereum DeFi — Analysts Cointelegraph
- Trump Administration Live Updates: President Ignores Epstein Questions at Crypto Bill Signing The New York Times
- Trump vows to make US ‘crypto capital of the planet,' signs GENIUS Act into law Fox News
- The President Signed into Law S. 1582 The White House (.gov)
- ‘Put up or shut up’: Landmark win in Congress to test crypto's viability Politico
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