Will the GENIUS Act Propel Pi Network Past $1? Here’s What You Need to Know
Congress just dropped a crypto bombshell—and Pi Network holders are scrambling. The newly proposed GENIUS Act could rewrite the rules for decentralized projects. Here's why it matters.
Market movers or political theater? Washington's latest crypto bill targets everything from mining regulations to token classifications. Pi—the mobile-mined cryptocurrency—sits squarely in the crosshairs.
Breaking down the hype: While the act promises 'innovation-friendly frameworks,' skeptics note it's packed with the usual bureaucratic carve-outs. (Wall Street banks already lobbying for amendments? Shocking.)
Price predictions are flying: Some analysts see Pi smashing through its $0.50 resistance if the bill passes. Others warn of a 'buy the rumor, sell the news' pattern—after all, this is the same Congress that still can't define a stablecoin.
One thing's certain: The next Senate hearing will be must-watch TV for crypto degens. Popcorn ready?
The GENIUS Act, also known as “Guiding and Establishing National Innovation for US Stablecoins,” is expected to bring big changes to the crypto world. Once passed, this new law will introduce the first official rules for stablecoins in the United States. It will focus on making stablecoins safer, more transparent, and widely accepted in the financial system.
Analyst Dr. Altcoin explained how this could benefit USD1, a stablecoin created by World Liberty Financial. USD1 is backed one-to-one with the US dollar and supported by assets like cash and US Treasuries. It has already been listed on major centralized exchanges, including MEXC, where it is paired with Pi, Bitcoin, Ethereum, and other major cryptocurrencies.
The GENIUS Act includes strict requirements. It bans unbacked algorithmic stablecoins, demands one-to-one reserve backing, monthly public reserve updates, and yearly audits. It also limits big tech companies from launching their own stablecoins unless they follow all rules. Additionally, the bill allows for freezing or burning tokens for national security reasons.
For the Pi Network, this is a great opportunity. The new PI/USD1 trading pair means Pi users now have access to a more stable, regulated, and trustworthy trading environment. This helps with accurate price discovery, better liquidity, and makes Pi more attractive to institutional investors.
As USD1 gains popularity and gets listed on more exchanges, PI Network could see increased attention and use. The GENIUS Act is not just about setting rules. It is about building a stable and compliant future for crypto. With strong support and a growing ecosystem, Pi Network and USD1 may be at the center of the next wave of crypto adoption.
Pi Network has dropped 23% over the past month and is now trading at around $0.4399. The price has been moving sideways, staying in the $0.40 to $0.50 range as selling pressure continues to build due to unlocked token supply.
For Pi to see a strong upward move, it needs to break above the $0.80 level. Until then, any small bounce from the current zone is likely to face resistance and lead to more price pressure.
