You may have heard about a legislative bill called The Genius Act passing the House of Representatives last week. It supports what are called “stable coins” which are said to be less speculative and backed a government currency as well as designed to be less volatile than other forms of cryptocurrency, which can experience large price fluctuations and, in turn, pose difficulty for individuals using them to facilitate a purchase or sale. Stable coin examples are the USDC (United States Digital Coin) backed by the US Dollar 1:1 and Europe will have one backed by the Euro 1:1. Stable coins offer low expenses and instant availability digital currently along with some other advantages.
Here is a brief article explaining what the GENIUS Act.
https://abcnews.go.com/Business/genius-act-crypto-regulation-bill/story
Two companies, Circle with its’ IPO just a couple of weeks ago as well as Coinbase, a digital platform where many hold cryptocurrency are both experiencing a heightened interest in the options market.
RISK – Trading options may result in potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the options markets. Do NOT trade with money you can’t afford to lose.
