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Chainlink price up as Trump asks House to “get GENIUS” on his desk ASAP
- Chainlink price is slightly up in early trading as Trump urges House to act quickly on the GENIUS Act.
- LINK token is trading green, currently around $13.16 with a 1% increase in the last 24 hours.
- The US Senate passed the GENIUS Act, aiming to regulate stablecoins and establish federal guardrails.
- Trump praised the Senate's move, emphasizing the importance of stablecoin regulation in the digital economy.
- Chainlink's infrastructure is seen as crucial for stablecoin adoption, potentially boosting LINK's price.
- The GENIUS Act now moves to the House for approval before reaching the President's desk for signing.
- Stablecoins play a significant role in the crypto market, enabling global transactions with high value.
- Chainlink's decentralized oracle network offers solutions for transparency and robust infrastructure.
- Chainlink's Configuration Runtime Environment allows seamless management of reserves and compliance.
- Partnerships like World Liberty Financial's stablecoin are already utilizing Chainlink's protocols.
- Stablecoin regulation in the US could lead to increased demand for Chainlink's services, potentially driving LINK's price.
- Analysts suggest that if the GENIUS Act passes, LINK's infrastructure could become essential, impacting its value.
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