Stablecoin Legislation May Spark Long-Term Crypto Growth, According to Bitwise CIO

TL;DR The Senate’s push for stablecoin legislation, through the GENIUS Act, is set to bring much-needed regulatory clarity and enforce backing requirements with U. S. treasuries and dollars. Bitwise CIO Matt Hougan sees this move as a union of traditional finance with the crypto world, potentially paving the way for mainstream institutional acceptance source: https://crypto-economy.com/stablecoin-legislation-may-spark-long-term-crypto-growth-according-to-bitwise-cio/