A Crypto Bull Market Ahead? Bitwise CIO Says This Stablecoin Bill Changes Everything

The US Senate took a major step towards organizing the encryption assets industry this week through the progress of the genius law, a bill aimed at creating a comprehensive framework for Stablecoins.

This procedure approved a stroke vote with the support of the two parties, including a noticeable transformation of 16 democratic democraticisms. Senior Investment officials Matt Hogan Sees Development that is likely to lay the basis for the long digital asset market.

Stablecoins occupies the lead in organizational payment

According to Hougan, the genius law is one of the most influential regulatory progress in the history of the United States, and it may be more influential than the approval of the investment funds circulating in the instant Bitcoin earlier this year.

He explained in a memorandum of customers that this legislation can normalize the use of Blockchain financial tools outside digital currencies, which ultimately pushes institutional adoption. Hougan framing the progress of the bill as a critical moment that resembles “Wall Street and encryption marriage”.

The genius law defines strict federal instructions for Stablecoin. It requires that Stablecoins be supported by individual with US Treasury bonds or dollar equations, which exporters with federal banking organizers record, and that exporters apply anti -money laundering protocols.

The legislation also calls for regular audits to ensure compliance and transparency. Hogan highlighted the importance of these standards, noting that they can enable major financial institutions such as JPMorgan or Bank Of America from Stablecoins with confidence.

Currently, the value of the Stablecoin market is estimated at more than 200 billion dollars, despite its existence without a clear federal organization. Hougan believes that the official legal framework will allow the market to expand its scope, and may reach $ 2.5 trillion, by bringing traditional financial institutions, retail dealers and global trade networks.

It imagines in the future as Stablecoin’s transactions are common as credit card payments or counterpart applications such as Venmo, with support from incentives such as merchant discounts and fastest leveling times.

The effects of beyond Stablecoins

While the draft law addresses Stablecoins, Hougan emphasized its broader effects on the encryption sector. By enabling the movement of the dollar through Blockchain networks, the draft law opens the door for other asset categories, such as stocks, bonds and real estate, to be symbolic and transferred in a similar way.

He said that this possibility is essential in the long -term investment issue of Blockchain networks such as ETAREUM and Solana, as well as decentralized financing platforms such as UISWAP and AAVE. Hogan likened the impact of Stablecoin’s legislation to those with Bitcoin ETF approvals, which worked to verify Crypto’s health as a legitimate investment tool.

He says that the genius law will verify the validity of the Blockchain -based financing as a viable infrastructure for the wider financial system. If the draft law and his age are completed in the coming months, this may be the incentive for institutional adoption on a completely new scale. Hogan wrote:

This is the basic thesis for investing in the assets of encryption other than Bitcoin like Ethereum, Solana and the like: that $ 100+ trillion of financial assets will eventually move on Blockchains. The passage of this bill begins that rolling ball. I think the impact here will be similar to the effect of the investment funds circulating in Bitcoin.

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