US crypto legislation drives $4B surge in stablecoin supply — TradingView News
The ink on the GENIUS Act is barely dry, but its ripple effects are already visible across the crypto industry. In just seven days, the sector added nearly $4 billion, pushing the stablecoin market cap above $264 billion and fueling corporate interest in related ventures.
The surge is no surprise. The landmark legislation provides banks, asset managers, and other institutional investors with a federal framework for fiat-backed stablecoins without the looming threat of enforcement actions by the Securities and Exchange Commission (SEC).
With regulatory clarity comes new capital, new players, and intensified competition. Signs of this shift had already emerged even before the GENIUS Act was enacted.
In a May interview with Yahoo Finance,…
