On May 22, the U.S. "Stablecoin Innovation and Establishment Act" is progressing rapidly, expected to receive bipartisan support, paving the way for stablecoin regulation and U.S. dollar chain dominance, and potentially bringing trillions of dollars in Treasury demand. The policy is expected to drive institutional and government funds to accelerate into the crypto market, benefiting stablecoins anchored to the U.S. dollar and DeFi applications.
Bitunix analyst suggests:
Bitcoin maintains a relatively strong short-term trend, reaching a high of $111K, but caution is advised regarding potential pullback risks. It is recommended to pay attention to the dynamics of USDT, USDC, USD1 and other stablecoins, and to strategically position in projects with compliance potential such as ETH, LDO, ARB. The policy and funds are expected to drive a reassessment of mainstream assets.
