💥Big things are coming ---- It is expected that the market will get better in August!!!
Early this morning, Trump officially signed the "Stablecoin Act" at the White House. This signing marks the implementation phase of U.S. stablecoin regulatory legislation. What benefits will the implementation of the Stablecoin Act bring to the cryptocurrency space? Let Ah Yi explain it to you in detail.
Three main benefits:
① Compliance endorsement will bring trust; the government officially recognizes the legal status of stablecoins -- eliminating regulatory gray areas, allowing retail investors and traders to have more direction and confidence.
② Banks, brokerages, and payment giants can legally issue or access stablecoins, supported by capital, which will enhance market depth and liquidity simultaneously.
③ Retail investors can obtain compliant stablecoins -- seamlessly exchanging for BTC, ETH, and DeFi assets -- new funds will come pouring in, and a small bull market will follow.
The Stablecoin Act will also prompt more countries to follow suit in legislation -- accelerating the formation of a global stablecoin ecosystem -- leading to continuous expansion of market capitalization in crypto assets.
Friends can focus on leading stablecoin projects, keep an eye on institutions issuing new types of compliant stablecoins, and seize regulatory news to engage in short-term operations in the cryptocurrency space.
