🌍 Event of the day impacting the crypto market
The cryptocurrency market wakes up on alert for the public hearing taking place today in the United States Congress, focused on the regulation of stablecoins. The debate promises to address topics such as reserve backing, transparency, and responsibilities of issuers.
The regulation of stablecoins is seen as an essential step for the integration of the crypto market with the traditional financial system. If the text advances positively, currencies like USDT and $USDC could gain even more credibility globally.
On the other hand, overly strict rules could impact the operation of decentralized platforms. The market will be attentive to every detail, and reactions could bring volatility to Bitcoin and the main altcoins today.