US President Donald Trump took the truth social and stated that he was with 11 of the 12 congressional members and congressional women needed to cope with the long -awaited genius.
According to Trump’s service has all 11 members agreed to vote for the legislation. Genius Act aims to gain more clarity and supervisory surveillance to the Stablecoin Arena in the United States. Let’s discuss whether the legislation will have a positive impact on Bitcoin (BTC) and the larger Cryptocurrency market.
Can Genius Act help bitcoin to suffer $ 140,000?
Genius Act can pave the way for other legislative measures for the crypto industry. President Trump had said he wants the crypto industry in the United States to thrive. SEC is also currently helped by Pro-Bitcoin candidate Paul Atkins. Atkins has stated that it is a priority for the economic watchdog to have clear regulations.
Also read: Bitcoin Whale bought BTC to $ 8K: Now has $ 110 million profit
A possible hilarious feeling resulting from the implementation of the Genius Act can lead to increased inflows to Bitcoin (BTC). Retail investors have been most absent in recent months. The transition of the Genius Act can lead to retail players taking more measures. Such a development can lead to Bitcoin (BTC) breaking the $ 140,000 mark.