Institutional interest in cryptocurrencies was piqued after “Crypto Week” in the US saw the passage of the industry’s key stablecoin bill, the data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/genius-act-legitimizes-stablecoins-institutional-adoption” title=”null”>Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act.
Signed into law by US President Donald Trump on July 18, the GENIUS Act bans data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/yield-bearing-vs-traditional-stablecoins” title=”null”>yield-bearing stablecoins in the world’s largest economy, which may data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/genius-ban-stablecoin-yield-ethereum-defi-analysts” title=”null”>increase the demand for Ether ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/ethereum-price” title=”null”>ETH) and Ethereum-based yield-generating decentralized finance protocols, according to industry watchers.
Signaling growing demand for the world’s…
