The GENIUS stablecoin bill in the US Senate has successfully advanced, despite significant opposition from figures like Warren, but the market seems to place greater importance on the positive implications brought by clearer regulation.
This bill essentially establishes the legality of stablecoins, eliminating one of the industry's longest-standing uncertainties.
You see, the explosive demand from institutional investors for Bitcoin ETFs over the past two months is essentially built on expectations of improved regulatory conditions.
From this perspective, the stablecoin sector and mainstream cryptocurrencies may continue to enjoy regulatory benefits in the next three months.