The U.S. Senate has officially passed the stablecoin bill, and now we just wait for the House of Representatives (most likely to pass) and Trump's signature.
Once this bill is passed, it could more quickly make Bitcoin a bank reserve asset!
Currently, Bitcoin's high position at 106 also reflects expectations for fiat-backed stablecoins, and it is even possible to continue to push towards 110,000. This bill is relatively favorable for compliant stablecoins like USDC, while it may be unfavorable for non-compliant USDT, banning algorithmic stablecoins.
This bill is a long-term benefit for the cryptocurrency sector as a whole, and it may also be an attempt by the U.S. to address the dollar crisis and the U.S. debt crisis. In fact, it expands the use cases for the dollar and increases its market share. It may promote economic prosperity in blockchain governments and alleviate U.S. financing pressures (of course, it also makes it easier to extract funds from the crypto sector).
A counterexample is kicking Russia out of the SWIFT system. A currency is only valuable if enough people use it and it can acquire enough goods.
