Bitcoin remains stable at $ 104,450: U.S. Senate passes Genius Stable Act-why BTC bulls rely on regulatory clarity

Bitcoin remains stable at $ 104,450: U.S. Senate passes Genius Stable Act-why BTC bulls rely on regulatory clarity
Bitcoin price is approaching 104,450 USD: US Senate adopted Genius Stable Act
The price of Bitcoin moves near $ 104,450 after the US Senate has adopted the Genius Stablecoin Act. This legislative project could have far -reaching effects on the cryptocurrency market, especially for the stability and acceptance of stable coins.
The adoption of the Genius Act has strengthened investors' trust in market regulation. Bitcoin bulls give great hopes for a clear regulatory guideline that could not only promote the growth of the Bitcoin market, but also the entire cryptocurrency landscape. By creating a stable legal framework, uncertainties could be taken out of the market, which could lead to an increase in interest in institutional and private investors.
The market participants expect the regulation of stablecoins to increase the long-term stability and trustworthiness of these digital assets through the genius law. As a result, Bitcoin could continue to become more important as a valuable form of investment, since it is perceived as a "safe harbor" in the volatile world of cryptocurrencies.
The current developments in the regulatory environment are crucial for the future of Bitcoin and other cryptocurrencies. The combination of increasing interest and potential regulatory clarity could lead to the Bitcoin Prize continued to increase in the near future.