Regulatory Advancements

Stablecoin Legislation: The proposed "Genius Act" aims to provide a clear regulatory framework for stablecoins, potentially boosting their adoption by traditional financial institutions and expanding the stablecoin market significantly by 2030. MarketWatch

Institutional Adoption: JPMorgan Chase, under CEO Jamie Dimon, has reversed its stance on Bitcoin, now permitting clients to invest in the cryptocurrency. This shift reflects the broader trend of traditional financial institutions embracing digital assets.