The U.S. Congress has released a draft to discuss the structure of the cryptocurrency market.

This draft comes at a timely moment. The cryptocurrency market is in chaos. I personally believe it will lead to a clear regulatory framework, limiting the chaos of 'Crypto Beast' that has manipulated the collapse of the Australian dollar exchange rate.

CertiK reported today that the stablecoin market has surpassed $250 billion, and Western Union has joined the stablecoin competitors. If the regulatory draft is favorable, giant currencies like USDT will be more stable.

The outlook? The details of the draft are what determine everything. If it is too strict, the market will shake in the short term, but it will benefit committed entities in the long term. It is advisable to consider the dynamics of giant payment companies and launch stablecoin-related projects.