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How Will the US's Crypto-Friendly Law GENIUS Affect Altcoins? Top Analyst Explained: "It Will Benefit Ethereum the Most and These Two Altcoins!"
In recent weeks, the US Senate rejected the crypto-friendly stablecoin bill GENIUS.
However, while the passage of the GENIUS law, which is being voted on again in the Senate, is expected, Placeholder managing partner Chris Burniske stated that Ethereum would benefit the most from the GENIUS Law.
Burniske, who evaluates the law from account X, stated that Ethereum (ETH) is likely to be the cryptocurrency that will benefit the most from the passage of the proposed GENIUS Law to regulate stablecoins.
Burniske stated that due to Ethereum's large stablecoin ecosystem and robust decentralized finance (DeFi) infrastructure, it will benefit the most from the GENIUS law.
The analyst, stating that the interest of institutions in Ethereum and the long-term trust relationship cannot be ignored, expressed that the GENIUS Law could also have a positive impact on Solana (SOL) and Tron (TRX).
"Among all crypto assets, the GENIUS Law is most likely to be positive for Ethereum."
That's my guess given ETH's stablecoin base, robust DeFi Infrastructure, and long-standing institutional relationship.***
SOL and TRX will also benefit from this law and will not fall too far behind. SOL and TRX have historically been overlooked for dark reasons. Let's see how everything will turn out together.