in The Genius Act has now officially passedprofessional XRP lawyer John Deaton has released a new report that analyzes the most of blockchain projects, including Ripple and Ethereum. meanwhile Ripple’s Stablecoin, rlusdand Circle’s USDC is highlighted as a potential beneficiary of this groundbreaking law. The report suggests that Ethereum is poised to become the biggest winner overall.
Genius acts to support Ethereum over Ripple
Recently released statement On the X social media platform on July 3rd, Deaton weighed the meaning of the recently signed Genius Act. Ripple and Circle have attracted a lot of attention as the frontlines under the law, but custody lawyers argue that Ethereum is set to make the most profitable From a new regulatory framework compared to other blockchains.
The genius law shortens the encouragement of government national innovation and the improvement of start-ups, aims to provide Clarity of digital assets and stubcoin regulations Operated within the US market. This new law is widely regarded as a Crypto-Project Turning Points A historic moment for the industry.
Deaton acknowledged that recently introduced Stablecoin, RLUSD, and Ripple recognized broader consensus. Circle, USDC Publisherwill benefit greatly from the clarity of regulations established by the Genius Act. However, he emphasized that Ethereum is positioned even more uniquely to exploit the provisions of the law due to its long-standing infrastructure and deep ties with stubcoin.
In his view, such an influential Ethereum supporter AK_EthermachineFundStrat and Ethereum co-founder Joseph Lubin has strategic leverage and regulatory vision to lead blockchain networks to a dominant role in compliance US Crypto-Ecosystem. Deaton also pointed to the growing momentum behind the Ethereum compatibility initiative, including discussions about the introduction of US-based versions by Padro Ardoino and Tether. UDST Stablecoin. These developments suggest a broader industry pivot towards crypto compliance and innovation within US borders. The fundamental role of Ethereum in powering Stablecoins.
Deaton’s statements take place in particular at a time when clear regulations continue to be the critical factor in determining which blockchain networks and cryptocurrencies will flourish in an evolving market. Ripple has long defended regulatory transparency, particularly through it. Continuing legal battle with the United StatesEthereum’s flexible, developer-friendly network may offer a more scalable way to meet US-centric compliance standards.
Ethereum and XRP prices slide despite policy momentum
Despite new optimism Positive emotions promoted by genius actsthe prices of Ethereum and XRP are traced. According to CoinmarketCap data, ETH prices have skyrocketed by more than 40% in the past month. However, in the last week alone, the major Altcoin It was dropped It’s almost 9% and is currently trading at $3,548.
There is also XRP I experienced pullback After ralliving over $3. It has recorded a 34.8% increase in the past month, but this week cryptocurrency crashed 8.33%. Currently, XRP is wobbling between $2.8 and $3 as it struggles to break through its previous level of support.
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