Bitcoin Nears Record Level; Markets Await 2025 Cryptocurrency Conference
Bitcoin surged to a record level last week as both the United States and Hong Kong advanced significant regulatory initiatives aimed at establishing comprehensive frameworks for stablecoins.
In the United States, the Senate passed the American Stablecoin Innovation and Regulatory Act (GENIUS). Meanwhile, the Hong Kong legislature passed a landmark bill for stablecoins, providing a licensing framework for issuers of stablecoins linked to traditional currencies.
Investors also witnessed a shift in Wall Street's perspective, with reports emerging that major U.S. banks are considering launching a joint venture for stablecoins.
Markets are now awaiting the Bitcoin Conference 2025, which begins on May 27 at the Venetian Expo in Las Vegas.
This year's edition is expected to be the largest yet, attracting over 30,000 participants, featuring more than 400 speakers, and involving 5,000 companies.
Among the prominent speakers at the event are Michael Saylor, Justin Sun, Jack Mallers, and Robinhood CEO Vlad Tenev.
Also scheduled to appear are U.S. Vice President J.D. Vance, Senator Cynthia Lummis, SEC Commissioner Hester Peirce, and economist Peter Schiff.
