Big news in the world of cryptocurrency! After Donald Trump's election, Bitcoin and other cryptocurrencies went up because people hoped for less strict rules. But then, the price went down again. Now, everyone's watching Congress.
- A new law called the GENIUS Act might change how stablecoins work.
- Stablecoins are like special cryptocurrencies that always have the same value as a dollar.
- The law could make it easier for companies to use stablecoins for payments, not just trading crypto.
- Some people worry big companies might take control if this law passes.
Cryptocurrency | What happened |
---|---|
Bitcoin | Went up after the election, then went down. |
Stablecoins | Might become easier to use for everyday payments. |