Telcoin is making headlines with a 30% increase over the past 48 hours. This surge is attributed to positive news surrounding regulatory measures in the United States, specifically the approval of the GENIUS Act in the Senate, which is anticipated to receive backing in the House.
Will TEL Crypto Break Higher?
Demand for Telcoin is rising due to these favorable developments, prompting speculation about further gains.
Key Highlights
- 30% increase for Telcoin in just two days.
- Positive regulatory changes in the U.S. are driving demand.
- The GENIUS Act is finding timely support in the Senate.
According to projections from Citi, the global stablecoin market might reach $3.7 trillion by 2030, with conservative estimates about $1.6 trillion if growth is less than anticipated. Meanwhile, Ark Invest forecasts that stablecoins could be around $1.4 trillion by then, while U.S. Treasury Secretary Scott Bessent expressed confidence that the crypto industry might surpass $2 trillion by 2028.
“Crypto is not a threat to the dollar. In fact, stablecoins can reinforce dollar supremacy.” — Treasury Secretary Scott Bessent
With more clarity in the regulatory landscape, Telcoin is expected to significantly advance, having received approval to establish a Telcoin Bank, which will comply with Nebraska’s laws. This bank will be allowed to issue regulated stablecoins like their eUSD, branded as ‘Digital Cash.’
To summarize, Telcoin’s recent activities, along with the anticipated passing of the GENIUS Act, position it for potential market breakout, possibly establishing it as a leader in the evolving crypto landscape.
