Odaily Odaily News According to Zack Shapiro, policy director of the Bitcoin Policy Institute, the U.S. Congress may pass a stablecoin bill in the next few months. Regulatory clarity will open the floodgates for institutional funds. Especially after the stablecoin bill is passed, the banking system may set off a wave of "compliant stablecoin" 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 stablecoin bill, it will likely bring in a large amount of capital inflows." However, the uncertainty in the legislative process may lead to short-term selling pressure, but it will consolidate the value foundation in the long run. (businessinsider)