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If the U.S. Congress passes the Stable Coin Act or triggers a wave of bank system issuance, the crypto market will see a large influx of funds.
Odaily Planet Daily News According to Zack Shapiro, director of policy at the BTC Policy Research Institute, the US Congress may pass a Stable Coin Act in the coming months, clarifying regulation to open the institutional funding gate. In particular, after the passage of the Stable Coin Act, the banking system may usher in a wave of 'ComplianceStable Coin' issuance, injecting new momentum into the market. He explained, 'I believe all banks want to do this and compete with Tether, but there is currently a lack of sufficient regulatory clarity. Therefore, once Congress passes the Stable Coin Act, it may bring in a large amount of funds.' However, the uncertainty in the legislative process may lead to short-term selling pressure, but in the long run, it will solidify the foundation of value. (businessinsider)