BTC and ETH Soar as New Legislation Fuels Crypto Enthusiasm
2025-07-16 17:34:23
Main Idea
Bitcoin (BTC) and Ethereum (ETH) prices surge as new legislation, the GENIUS Act, fuels optimism in the crypto market by legitimizing stablecoins and encouraging bank engagement with cryptocurrencies.
Key Points
1. Bitcoin (BTC) reaches $119,500 and Ethereum (ETH) hits $3,287 amid market optimism.
2. The GENIUS Act, an anti-CBDC and stablecoin regulation bill, is advancing and expected to reach Donald Trump's desk before August.
3. The GENIUS Act legitimizes stablecoins and facilitates bank involvement in the crypto industry.
4. A significant portion of stablecoins are based on the Ethereum network, contributing to ETH's surge.
5. The legislation is seen as a positive development for the crypto market, boosting confidence and investment.
Description
BTC and ETH rise as new cryptocurrency legislation gains traction. The GENIUS Act, anti-CBDC, and stablecoin law impact long-term market dynamics. Continue Reading: BTC and ETH Soar as New Legislation Fuels Crypto Enthusiasm The post BTC and ETH Soar as New Legislation Fuels Crypto Enthusiasm appeared first on COINTURK NEWS .
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