Asia Morning Update: GENIUS Act Elevates ETH as Core of Tokenized Finance
“Every action is powered by ether,” says Vivek Raman, highlighting Ethereum’s significant role as institutional adoption increases amid a stablecoin boom.
On June 18, 2025, the U.S. Senate passed the GENIUS Act, a move that is expected to enhance Ethereum’s appeal as it trades above $2,500. Vivek Raman of Etherealize emphasized Ethereum’s expanding importance in institutional finance due to regulatory clarity. In his interview with CoinDesk, Raman asserted,
“Every action is powered by ether. Eventually, it will be seen as pristine as Bitcoin, becoming the neutral asset for the entire ecosystem.”
“Chaque action est alimentée par l’ether. Finalement, il sera considéré comme pur comme le Bitcoin, devenant l’actif neutre pour l’ensemble de l’écosystème.”
As the trading day unfolds in Asia, Ethereum is experiencing a resurgence, having rebounded from a $2,460 support level, though it’s still encountering resistance near $2,800. The GENIUS Act’s clarity on Ethereum’s status is viewed as a turning point for its potential.
Vivek Raman’s advocacy for Ethereum is making waves on Wall Street, with significant institutional interest now evident as once-overlooked discussions about ETH’s functionality gain urgency. He captured the sentiment well by stating that Ethereum’s role is now genuinely resonating with institutional investors, emphasizing the need for understanding its uses.
What’s Making News:
- The Senate’s passage of the GENIUS Act has bolstered Ethereum’s institutional prospects.
- Raman’s dialogue during his Wall Street tour confirms ETH’s pivotal role in finance.
- Regulatory advancements are crucial for Ethereum’s acceptance as a neutral asset.
