The GENIUS law, which includes regulations for crypto currencies in the United States, came back to the agenda after President Donald Trump received new support from the members of the House of Representatives. Previously, the draft law, which has been adopted by some obstacles in the Congress, had the chance to be re -voting with the latest developments. This new acceleration in the progress of the law began to influence the crypto ecosystem followers and the market.
Trump’s support and the latest situation in crypto currency laws
President Donald Trump has taken important steps to enact the crypto laws. The support of some members who responded to the call of Trump, who directly contacted the House of Representatives, re -moved the Genius Law in the Congress. Following the delay in the progress of the law, Trump’s intervention created significant changes.
With this support, the draft law, which was previously waiting, was re -discussed. According to the information obtained, the law can be re -voting with the contribution of new supporters. The content of the law includes legislation and regulations that closely concern the crypto currency market participants.
Donald Trump: orum I invite the congress members to take action to prevent the regulations on the crypto sector from delay. ”
The effects of laws on the market and mobility in Bitcoin price
The fact that the Genius Law came to the agenda again aroused a rapid repercussion in the markets. Especially Bitcoin 
$116,523.39 There was a remarkable increase in the price. This mobility emerged with the increase in the expectations of investors and market actors to ensure legal clarity.
Experts say that the direct and indirect effects of legal regulations on the market can be seen. It is stated that the healthy progress of legislation processes has the potential to create a trust in the sector.
“Developments in the law has added a positive atmosphere to the crypto market.”
However, if the draft law enters into force, it is foreseen that there may be significant changes in the general structure of the sector and the trust of the investor. Recently, it is emphasized that legal uncertainties regarding crypto beings are effective in investor attitudes.
The fate of the bill is important not only in the United States, but also for the global crypto ecosystem. The evident of the legal framework for digital assets, especially Bitcoin, caused the developments to be followed closely.
The steps taken by Trump and the support from the House of Representatives creates the impression that the process can be moved forward in the implementation of the law. In line with the current developments, how market movements and changes in legislation will be shaped can be understood more clearly in the coming period.
New supports for the GENIUS law led to confidence in the crypto currency sector and to act in a cautious optimism of investors. The mobility observed in the markets once again shows how effective political and legal developments can be in this field. The progress process and consequences of the draft bill continue to be closely monitored by all actors operating in the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
