GENIUS Act Could Spark Multi-Year Crypto Bull Run

Bitwise CIO Matt Hougan Sees Stablecoin Bill as a Turning Point

A major leap toward crypto regulation just took place. The U.S. Senate voted 66–32 to advance the #GENIUSAct (Guaranteed Essential Neutral and Interoperable Uniform Stablecoins Act), signaling rare bipartisan support for a bill that could reshape the future of digital finance.

The GENIUS Act would create a clear federal framework for stablecoins—requiring 1:1 backing with U.S. Treasuries or cash equivalents, mandatory registration, routine audits, and anti-money laundering safeguards. After years in regulatory limbo, stablecoins are on track to gain full legal clarity.

A Catalyst for Institutional Crypto Adoption

Bitwise CIO Matt Hougan called the vote one of crypto’s most important regulatory milestones—arguably more impactful than the 2024 launch of spot Bitcoin ETFs. He believes the GENIUS Act lays the groundwork for widespread institutional adoption, with stablecoins as the gateway.

Hougan predicts this clarity could fuel significant investment across the broader crypto ecosystem, especially in Ethereum ($ETH ), Solana (SOL$SOL ), and DeFi tokens like Uniswap (UNI) and Aave (AAVE).

Paving the Way for $100 Trillion in Assets

“If we normalize moving dollars on blockchain rails,” Hougan wrote, “then it’s a small step to moving stocks, bonds, and other assets the same way.” He sees this bill as the foundation for a financial future where trillions in assets flow through blockchain infrastructure—turning crypto into a key layer of global finance.

From Speculation to Infrastructure

This legislation could transform blockchain from a speculative tool into a trusted engine for financial operations. Like ETFs legitimized Bitcoin, the GENIUS Act could do the same for stablecoins and tokenized finance, unlocking massive long-term potential for the entire digital asset market.

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