Ethereum Soars After U.S. Passes Landmark GENIUS Act

Ethereum (ETH) price has increased in value following a significant shift in U.S. crypto policy. Last week, President Donald Trump signed the GENIUS Act , which has brought new interest to the digital asset market. In a recent report, analysts at Bernstein are calling this the beginning of a new chapter in crypto-driven financial services. U.S. Declares Stablecoins as Digital Cash Under New Law President Trump recently signed into law the bipartisan-supported GENIUS Act. The new law establishes a federal framework for regulating stablecoins. Under the law, all stablecoins must be fully backed by cash or highly liquid assets. It also requires issuers with a market capitalization of over $50 billion to undergo annual audits. Additionally, the new stablecoin law establishes specific guidelines for foreign companies to operate in the U.S. Now that stablecoins are legally seen as digital cash in the U.S., analysts say this could be the beginning of a new financial era led by blockchain technology . Ethereum Grows as Stablecoins and Big Investors Boost Demand Financial analysts at Bernstein explained that the GENIUS Act is helping to push stablecoins into the mainstream. Since many of these stablecoins operate on the Ethereum blockchain, demand for ETH is increasing. Ethereum’s price has increased by about 25%, driven by rising investor interest and institutional activity. At the time of writing, the digital asset is trading at $3,824, up 2.68% in the last 24 hours, according to CoinMarketCap data. Bernstein’s report explained that Ethereum’s recent price surge is primarily due to increasing demand from various sectors of the financial world. Large investment firms, such as BlackRock, are beginning to increase their holdings of ETH in their portfolios. At the same time, banks and tech companies are using Ethereum coins to pay for activity on its network. The report also said that some new businesses are now holding ETH as part of their company funds . This is similar to how some companies have started keeping Bitcoin. Large institutions are expected to continue investing in Ethereum, using it to support tokenized assets and decentralized financial tools. NFT Market Rebounds Alongside ETH ETF Ethereum, considered the face of blockchain innovation , is also reviving the NFT space. According to CoinGecko, the global NFT market cap rose to $6.04 billion, a 16.9% increase in just 24 hours. This is the highest level seen since early February. Ethereum is also seeing a rise in interest from investors through exchange-traded funds (ETFs). Last Wednesday, Ethereum ETFs recorded a historic $726.74 million in net inflows in a single day. This marked the highest daily inflow ever for ETH-based ETFs. Bernstein analysts suggest that this is not just another hype-driven crypto rally. Instead, the experts describe it as a “blockchain financial services cycle”, fueled by real-world adoption and legal clarity. The post Ethereum Soars After U.S. Passes Landmark GENIUS Act appeared first on TheCoinrise.com .

Source: The Coin Rise