CoinCentral
TLDR Ethereum has gained 25% in the past week following the signing of the GENIUS Act. The GENIUS Act establishes a regulatory framework for stablecoins backed by U.S. dollars or liquid assets. Institutional investors are increasing Ethereum allocations due to improved legal clarity and utility. Ethereum exchange-traded funds saw a record net inflow of 726.74 […]
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GENIUS Act Fuels ETH Rally, Boosts Stablecoin and NFT Ecosystem
Maxwell Mutuma
09:19
TLDR Ethereum has gained 25% in the past week following the signing of the GENIUS Act. The GENIUS Act establishes a regulatory framework for stablecoins backed by U.S. dollars or liquid assets. Institutional investors are increasing Ethereum allocations due to improved legal clarity and utility. Ethereum exchange-traded funds saw a record net inflow of 726.74
