Bitwise CIO Matt Hougan noted that with bipartisan momentum and strong backing from financial institutions, legislative gains for cryptocurrency are irreversible. Key bills, including the GENIUS Act, have been passed, demonstrating a long-term policy commitment that will likely endure despite political changes.
The involvement of major players in finance, such as Blackrock and JPMorgan, intertwines crypto with U.S. Economic interests, complicating any attempts for reversal. The recent House votes mark a critical step in establishing regulatory clarity for the crypto market, particularly around stablecoins.
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