A Crypto Bull Market Ahead? Bitwise CIO Says This Stablecoin Bill Changes Everything 🇺🇸
The United States Senate made a significant stride toward regulating the crypto asset industry by advancing the GENIUS Act this week. This bill aims to establish a comprehensive framework for stablecoins. The measure successfully passed the cloture vote, receiving bipartisan support, including a notable change in stance from 16 Democrats who had previously opposed it.
The bill's advancement is considered a critical development in the regulation of crypto assets, paving the way for a functional legislative environment and potentially impacting the future trajectory of the crypto market in a bullish manner.
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