Wall Street broker Bernstein said the US has taken a decisive step towards becoming the world’s crypto capital with the rollout of a comprehensive regulatory framework.
The Genius Acttoday’s law, accelerated the StableCoin market, pushing the US dollar to more than $ 260 billion, the broker said in a Wednesday report. The coming Enlightenment lawexpected in late 2025, will establish the first cohesive market structure for digital assets, clearly dividing responsibilities between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) and resolving years of regulatory uncertainty, it said.
According to analysts led by Gautam Chhugani, the center of this change is Sec Chair Atkins’ Project Cryptothe most ambitious effort yet to fuse securities markets with blockchain technology.
The initiative aims to reverse change by classifying most crypto assets outside of securities law, enabling tokenized stocks and bonds and broker-dealer licenses to handle both traditional and digital assets under a single regulatory umbrella.
It also aims to modernize the infrastructure for Onchain Trading and 24/7 settlement, cutting costs across tokenized securities, stablecoins and crypto assets, analysts said. This clarity reduced the sector’s risk from political displacement and locked in new institutional involvement.
Crypto Exchange Traded Funds (ETF) now hold $160 billion in assets, the report noted, with institutions making up nearly a quarter of ETF investors.
Bernstein said that the digital asset IPO market is roaring this year, raising $ 4 billion since January, while the value of the public market traded by crypto companies has risen from $ 80 billion in early 2024 to $ 380 billion, with Coinbase (Coin) and Robinhood (Hood) part of the S&P 500 stock index.
A new, more sustainable crypto cycle is taking shape, enabled by clear policies, institutional capital, and deeper integration of Blockchain into the financial system, the report added.
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