New Delhi, July 14 -- On June 17, the US Senate passed the GENIUS Act, aiming to regulate a type of cryptocurrency known as "stablecoins".

Even though this move is viewed as a big win for the cryptocurrency sector, a closer look at the law reveals how it could, quite easily, lead to the next global economic crash.

People are increasingly investing in crypto because its volatile value can lead to huge returns on investment. For instance, Bitcoin (BTC), the oldest cryptocurrency on record, surged the most on Monday by climbing over $120,000 per BTC.

Since the factors that determine its price are often unclear, crypto investment is essentially a roll of the dice. Making profits on crypto trading is often as likely as winning at roulette....