Ethereum Could Be a Key Beneficiary of Pro-Crypto GENIUS Act Amid Short-Term Price Decline

Key Points

1. The GENIUS Act is a U.S. federal law that creates a regulatory framework for stablecoins, requiring one-to-one reserves, federal licenses, and AML compliance.

2. Circle (USDC), Ripple (RLUSD), and Ethereum (ETH) are identified as key beneficiaries of the GENIUS Act, with Ethereum positioned centrally in the evolving regulatory environment.

3. Ethereum's price dropped nearly 8% due to weak U.S. employment data, reflecting broader crypto market volatility and risk-off sentiment.

4. The GENIUS Act enhances trust and regulatory clarity for stablecoins, potentially legitimizing them within the U.S. financial system.

5. Ethereum's short-term price decline contrasts with its long-term potential as a key player in the regulatory framework established by the GENIUS Act.