This week can be described as a significant week for the cryptocurrency world. The U.S. Congress will begin formal discussions and votes on several laws closely related to cryptocurrencies. This is not an internal meeting but a serious congressional legislative process, which means the U.S. government is deciding 'whether to make cryptocurrency legal.'
There are two important things:
First, the (Clarity Act) that will be voted on Wednesday mainly aims to give digital assets a clear legal identity. For example, do Bitcoin and Ethereum count as 'securities' or 'commodities'? Do exchanges and project parties need to file approvals like issuing stocks? Once this bill passes, many projects that were previously stalled due to unclear policies can finally proceed. This will be a significant liberation for the entire market.
Secondly, the vote on Thursday is for the (GENIUS Act), which is about a 'national-level pass' for stablecoins. If it passes, stablecoins like USDC and PYUSD can be legally issued and circulated in the United States, and they can also be directly connected with the banking system and payment companies, becoming digital currencies that can be used in the real world. This is a significant benefit for the stablecoin sector, and platforms like ETH that support these stablecoins will also benefit.
Another point worth noting is that lawmakers will also discuss whether to ban the Federal Reserve from issuing a 'digital dollar,' which is an official version of a stablecoin. The implication is clear: the U.S. government prefers companies like Circle and Coinbase to handle stablecoins rather than the state creating an official version. This represents a significant empowerment for private institutions.
In simple terms:
If these bills pass smoothly, the entire cryptocurrency industry can truly develop 'legally and justifiably' without relying on gray areas.
Stablecoins will become a new financial tool strongly promoted by the U.S. side, rather than being marginalized.
Platforms like Coinbase and Circle will become the biggest beneficiaries, and chains like ETH and SOL will be re-evaluated.
In my opinion, this is the starting point for the entire cryptocurrency industry’s 'compliance bull market.' It is not just a slogan or a story, but genuine legal support. Once it is implemented, it will not only lead to rising coin prices, but the entire industry's normalization, capitalization, and institutionalization will be accelerated.
This legislative battle has just begun. If you want to keep up with policy trends and catch the next wave of opportunities, remember to follow me. I will continue to monitor the market and help you seize key opportunities.
