Pro-Crypto Policy Shift has be a bipartisan promise As the Democrats and Republicans viewed to secure the influence of the US dollar as a global currency reserve. According to the US representative and California Democrat Ro KhannaAt least 70 of his fellow Party members now understand the importance of Stablecoin regulation.
According to Khanna, Americans can expect the reasonable crypto market structure and Stablecoin bills this year. Under normal circumstances, this news will send crypto prices, but that’s not what happened as President Donald Trump’s trading policies are afraid of retreating.
Ark invest CEO Cathie Wood is the latest executive of the crypto industry to sound the alarming alarming. While a recession is rarely a good thing, Wood says it can provide Trump and the Federal Reserve with Leeway to make growth policies.
“We remember about a backward” -Cathie Wood
Although US Secretary of Treasury Scott Bessent is not concerned about a backwardness, Wood is definitely preparing for that possibility.
Speaking almost to the Digital Asset Summit in New York, Wood indicated that the White House could enderest the risk of recurring economy as a result of Trump’s latest warfare war.
“We are worried about a backwards,” Wood said. “We think the speed of money slows down.”
A slowdown in the speed of money means that capital changes hands without often as consumers and businesses reduce spending. Such conditions usually indicate the beginning of a retreat.
However, retreating forces can end up being a boon for risk -owned as crypto as GDP refusal should provide “president and fed many more levels of freedom to do what they want in terms of tax cuts and financial policy,” Wood said.
Cathie Wood at the Digital Asset Summit says that the threat of retreat is building. Source: Cointelegraph
US Stablecoin Bill is “close” – Bo Hines
The US may have a comprehensive Stablecoin law on two monthsAccording to Bo Hines, the recently appointed executive director of the Presidential Council of Advisers in Digital Assets.
Speaking at Digital Asset Summit in New York, Hines praised the Approval of Senate Banking Committee’s Bipartisan of the guide and establishment of national change for the US Stablecoins Act, also known as the Genius Act.
“We saw that the vote appeared on the Senate Banking Committee in super bipartisan fashion, (…) that was incredible to see,” Hines said.
The Genius Act aims to establish clear guidelines for US stablecoin providers, including collateralization requirements and rules for compliance with anti-money laundering laws.
“I think our colleagues on the other side of the aisle also recognize the importance for the dominance over us in this space, and they are willing to work here, and that’s really the excitement about it,” Hines said.
Bo Hines said US Stablecoin law may come to President Donald Trump’s desk within two months. Source: Cointelegraph
Ethena Labs, Secure Launching Defi-Focus Blockchain
Ethena labs and securitize is Launching a new blockchain Designed to boost retail and institutional adoption of defi products and tokenized assets.
The new blockchain, called Converge, is an Ethereum virtual machine that will offer retail investors access to “common defi applications” and specializes in grade-institutional offerings to bridge traditional finance and decentralized application. The Converge will also allow users to accept the native management of the Etherna token, ENA.
Converge will also get the RWA infrastructure of the Securitize. The company has been mininted nearly $ 2 billion in tokenized RWAs in various blockchains, including the Blackrock USD Institutional Digital Liquidity Fundwhich was first launched in Ethereum and since expanding to Aptos, Arbitrum, Avalanche, Optimism and Polygon.
Canary Capital Files for Sui ETF
Canary Capital has submitted its form S-1 filing with the US Securities and Exchange Commission (SEC) to list a funds exchanged by the exchange tied to SUI (Sui), the native token of the layer-1 blockchain used for staking and fee.
The filing of March 17 emphasizes the race to expand access to the institution in digital assets following the over -success of the Bitcoin area (Btc) ETFs last year. The Canary Capital has filed six Crypto ETF proposals with Sec.
SUI is the th -22 largest crypto asset by market capitalization, with a total cost of $ 7.5 billion, according to coingecko. The sui blockchain recently Working with World Liberty FinancialThe Defi company supported by Trump’s family.
https://www.youtube.com/watch?v=2Exstn1KRCU
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