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The new US stablecoin legislation, the GENIUS bill, prohibits yield-bearing stablecoins, pushing investors toward Ethereum and DeFi for passive income. Analysts predict increased demand for ETH and decentralized finance applications as alternatives.
- The GENIUS bill prohibits yield-bearing stablecoins, cutting off passive income options for investors.
- Analysts predict increased demand for Ethereum (ETH) and DeFi as alternatives for yield generation.
- Crypto experts see the regulation as a potential boost for Ethereum-based DeFi applications.
📎 Related coverage from: cointelegraph.com