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New Stablecoin Bills Are Normalizing Crypto for Advisors

From thedailyupside.com

Love them or hate them, stablecoins are here to stay. The GENIUS Act, signed into law earlier this month, mandates that crypto issuers back stablecoins with liquid assets, register with federal authorities and comply with anti-money-laundering laws. It represents possibly the largest step toward legitimizing crypto in the eyes of advisors, and experts say it will make more of them hop on the stablecoin train — particularly since many haven’t considered crypto for client portfolios due to their past volatility and “Wild West” status. Advisors were also hesitant to invest in crypto because some clients see it as ... (full story)

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