Stablecoin Bill Expected to Pass in 60-90 Days, Boosting Crypto Regulation
2min read Charles Hoskinson, the founder of IOHK, has predicted that the much-anticipated stablecoin bill is likely to be passed within the next 60 to 90 days. This prediction comes as a significant development in the crypto industry, which has long operated without clear legal boundaries for stablecoins. Hoskinson's announcement suggests that the regulatory uncertainty surrounding stablecoins is nearing an end, with U.S. legislators expected to approve stablecoin regulation soon. This regulatory framework is anticipated to enhance security standards, readability, and trustworthiness across the crypto sector.
The proposed legislation aims to establish management standards for stablecoin issuers within the 60-90 day passage timeframe. This legal structure is designed to achieve two primary goals: providing market stability and promoting innovative activity. With official legal definitions in place, platforms and developers will be better equipped to create new DeFi tools and services. The implementation of legal boundaries is expected to usher in a new era of crypto practicality, driving wider public acceptance of this technology.
Following the stablecoin bill, a market structure bill is also expected to gain approval between August and September. This bill outlines the classification rules for digital assets during its definition phase, determining regulatory control between agencies and stipulating operating requirements for crypto exchanges. The legislation aims to resolve the long-standing question in the crypto sector regarding whether cryptocurrencies should be classified as securities or commodities. Hoskinson stated that the market structure bill would create precise regulatory guidelines for the SEC and CFTC, potentially ending regulatory disputes that have delayed innovation. Exchanges such as coinbase and Binance have directly requested regulatory clarity, as enforcement actions from regulators have created doubts about operating in U.S. crypto markets.
Once enacted, this law will define operational parameters that enable U.S. crypto infrastructure to become more dependable and expand its capabilities. Clear regulatory definitions could encourage hedge funds, asset managers, and banks to increase their investment in digital assets. The overall sentiment in the crypto sector is expected to strengthen as consumers receive clear regulatory information. The upcoming stablecoin and market structure bills may trigger the next major crypto market surge, leading retail and institutional investors to increase market capitalization investments.
Historically, regulatory developments in the crypto field have preceded bullish markets. The approval of Bitcoin ETFs and positive regulatory actions from various regions have resulted in significant market price surges. The proposed timeline presented by Hoskinson indicates that if U.S. bills pass, the stage will be set for major market movement toward the end of 2025. The crypto market and the global financial sector are poised for major progress due to these regulatory changes. The upcoming legislative period will draw nationwide evaluation from congressional and crypto market sectors to determine when the next bull run will begin.
Ask Aime: What's the likelihood of the stablecoin bill being passed in the next 60 to 90 days?
