With the passage of the stablecoin bill, FRAX may become the biggest winner?
Original Author: Alex Liu, Foresight News
Stablecoin Bill and FXS
On May 20, the GENIUS Act, a legislative bill for stablecoins in the United States, passed the Senate vote, and there are still two major steps before the House of Representatives votes and the president's signature are officially passed. Markets previously believed that a vote in the Senate was the biggest obstacle to the bill's passage, and barring any surprises, it would only be a matter of time before the bill was fully passed.
Which crypto project is the biggest winner of this legislative victory? In terms of token price performance, it could be Frax Finance.
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