Approval of the Stablecoin Bill in the United States may operate a long -term encryption market: BitWise
The BitWise Director said in a report on Tuesday that the progress made in the Stablecoin Bill in the United States may lead to a multi -year encoding market.
The report indicated that the Senate agreed to strengthen the genius law to a final vote on Monday, which means that the United States can pass the first legislation of encryption encryption this summer.
Outside January 2024 Approval of investment funds circulated in BitcoinThis is the most important organizational development in the history of encryption. Matt Hogan, chief investment official in Bitwise.
Stablecoins are encrypted currencies The value is associated with another origin, such as the US dollar or gold. It plays a major role in cryptocurrency market and is also used to transfer money internationally.
Senate Directing and creating the national innovation of the United States of Stablecoins The federal organization of Stablecoins is imposed with the maximum market for more than $ 10 billion with the possibility of the Islamic State if it is in line with federal rules. The law of the stable parliament calls for the Islamic State without any conditions.
Bitwise noted that Stablecoin exporters must follow a number of regulations, but there is no “comprehensive federal framework”. The genius law provides for this regulatory framework.
Once approved, this stage can pave the long -term predecessor in the assets of encryption, unlike bitcoin only
Bitwise, the largest potential beneficiaries are Al -Atheer, Solana and The decentralized financing (Defi) Assets such as UISWAP and AAVE.
The report added that the Stablecoin market may reach $ 2.5 trillion at any time, from $ 245 billion currently.
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