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Is Resolv Rally Just Getting Started? US Senate Approves GENIUS Act
- RESOLV, currently up 84% from all-time lows, sees a rally following the launch of the USR stablecoin and the US Senate's approval of the GENIUS Act.
- The timely launch of the algorithmic stablecoin could drive RESOLV prices higher amid positive regulations and increasing demand for stablecoins.
- Despite a slight dip, RESOLV prices remain within the bullish trend initiated on June 10.
- Technically, traders might consider entry points above $0.28, with a potential surge if the price closes above $0.42 with rising volume.
- Resolv's offerings, including a yield-bearing stablecoin and innovative protocols, have garnered attention and momentum in the crypto market.
- Resolv's recent listing on Binance Alpha has increased demand and trading volume significantly.
- Over 1 million RESOLV tokens have been distributed to stakers, with additional distribution planned, offering a 69% APR yield.
- The passage of the GENIUS Act in the US Senate, potentially mainstreaming crypto and benefiting DeFi projects like Resolv, has been a major driver for the project.
- If approved, the Act could classify yield-generating stablecoins as securities subject to SEC regulation, impacting their accessibility and integration in decentralized finance.
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