The US Senate adopted 'Genius Act' at the same time as the IPO of Circle: a milestone for the stable coin USDC

The US Senate adopted 'Genius Act' at the same time as the IPO of Circle: a milestone for the stable coin USDC

The Genius Act and the IPO of Circle: A look at the developments in the cryptocurrency sector

The time for the IPO) from Circle, the editor of the USDC stable coin, could not be better chosen. Shortly after the IPO, the US Senate adopted the "Genius Act" (Guiding and Establishing New Investment Understable Coin on Tuesday. This legislation aims to create clear framework conditions for dealing with stable coins and cryptocurrencies.

stablecoins, such as USDC, have become more important in recent years because they beat a bridge between the volatility of cryptocurrencies and the stability of traditional currencies. The Genius Act could help strengthen trust in digital currencies and to improve the legal framework for their use.

The connection between the IPO of Circle and the Genius Act could have an impact on the regulatory conditions for stable coins and the perception of the market. The support from the US Senate could help promote the acceptance of USDC and similar digital assets.

Overall, the parallel development of Circle and the Genius Act reflects the growing recognition and regulation of the cryptocurrency market. A clear legal basis could be important for both investors and companies that work in this innovative area.