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The United States Senate approved the Stablecoin Regulatory Framework Act with 68 votes in favor and 30 against on Tuesday night, establishing a regulatory system for Stablecoins, cryptocurrencies pegged to the US dollar. This landmark legislation marks the first time the digital asset industry is legally regulated at the federal level. This is a historic victory for the burgeoning cryptocurrency industry and for US President Trump.

With legal protection, more traditional financial institutions could participate in the issuance, custody, and marketing of stablecoins, which favors market expansion.

Legal certainty often attracts capital. A greater number of institutional investors could reassess stablecoins and related green projects.

The current global situation is tense, and global financial assets have experienced the corresponding adjustments. The adjustment of BTC is influenced more by emotions than by the deterioration of fundamentals. Coupled with the legal support from the US government, this round of adjustments has provided us the opportunity to board at a low level 💰.