Congress is set to advance multiple crypto-related bills, including one establishing regulations for stablecoins, marking progress towards integrating digital assets into traditional finance. This legislative movement, dubbed "crypto week," signals favorable changes for the crypto industry, which has long sought federal legislation. The anticipated bills could boost institutional investment by removing regulatory uncertainty. Proponents argue stablecoins will facilitate instant payments and support the crypto economy, reflecting their rapid adoption. Bipartisan support is evident, and both bills are expected to pass in the House, heading towards presidential approval.
Historically, when lawmakers advance industry-backed frameworks, institutional sentiment strengthens. We expect capital that was previously sidelined due to regulatory uncertainty to re-enter, said Jag Kooner, head of derivatives at crypto exchange Bitfinex.
Stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, are commonly used by crypto traders to move funds between tokens.
The big ticket item the House is set to vote on this week is a bill that would create a set of federal requirements for stablecoins.
"Crypto week" also comes as bitcoin has scaled record highs in recent days as investors dive back into risk assets on the back of tariff-related news.
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