<ul><li>The United States Senate advanced the GENIUS Act, a bill aiming to regulate stablecoins and establish a comprehensive framework for the crypto asset industry.</li><li>Bitwise CIO Matt Hougan sees the bill as a crucial step that could lead to a prolonged digital asset bull market, enabling institutional adoption.</li><li>The GENIUS Act outlines strict federal guidelines for stablecoin issuers, focusing on backing, registration with regulators, anti-money laundering protocols, and regular audits for compliance.</li><li>Hougan believes the legislation could scale the stablecoin market to $2.5 trillion, opening doors for broader blockchain-based financial tools beyond digital currencies.</li></ul>

A Crypto Bull Market Ahead? Bitwise CIO Says This Stablecoin Bill Changes Everything

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