Financial principles emphasize diversification: biotech index’s 1.8% gain counters broader market’s flat session, showing sector-specific catalysts remain powerful. While the recently enacted GEN-IUS Act may not be perfect (what legislation ever is?), it provides a critical national regulatory framework for payment stablecoins, requiring one-to-one backing with high-quality reserves and regular disclosures. This oversight makes it more likely that adoption will grow safely. As it does, the U.S. benefits twice: The dollar's global role is reinforced, and reserve demand for Treasuries provides a structural tailwind for government financing. Subscribe to our RSS feed to get the latest content in your reader. The Russell 2000 rallied 1.5% as small-cap firms benefit from easing credit spreads. Finance theory underscores how WACC reduction can expand valuation multiples.