US Stablecoin Bill Could Spark Next Crypto Bull Market, Says Bitwise CIO
The US Senate’s advancement of the GENIUS Act marks a watershed moment for cryptocurrency regulation. With bipartisan support—including 16 Democrats reversing prior opposition—the stablecoin framework could catalyze institutional adoption at scale. Bitwise CIO Matt Hougan positions this development as more consequential than January’s spot Bitcoin ETF approvals.
Stablecoins now emerge as the regulatory focal point, bridging traditional finance and blockchain ecosystems. The proposed legislation promises clarity for issuers like Tether (USDT) and Circle (USDC), potentially unlocking trillions in dormant capital. Market observers note the timing coincides with Bitcoin’s halving cycle, creating fertile ground for sustained price appreciation across crypto assets.
