U.S. Regulatory Uncertainty Sparks Altcoin Anxiety
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Cryptocurrency markets face mounting pressure as the U.S. Congress delays stablecoin legislation. Bitwise CIO Matt Hougan warns of potential altcoin declines amid regulatory limbo, citing stablecoins’ critical role in liquidity provision for smaller assets.
The legislative stalemate threatens to extend market uncertainty through the summer. Without clear frameworks, altcoins may struggle to maintain trading pairs and investor confidence. Market participants now watch Washington for signs of progress on stalled market structure bills.
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