"Long-term Bull Market Expected if Stablecoin Bill Passes… Focus on ETH, SOL, UNI, etc."

As the stablecoin bill progresses in the US Senate, there is a forecast that it could trigger a long-term bull market in the cryptocurrency sector.

According to CoinDesk on the 22nd (local time), asset management firm Bitwise reported that "the US is at a turning point where it could pass the first-ever cryptocurrency-related legislation," and evaluated that "if the stablecoin regulatory bill is approved, a multi-year bull market could open."

Bitwise stated, "So far, there have been individual regulations, but there has been no consistent federal regulatory framework," and analyzed that "(the passage of the stablecoin bill) is the most significant regulatory event since the approval of the Bitcoin spot ETF in January 2024, and it could be even bigger."

Currently, the US Senate has moved the stablecoin regulatory bill, the 'GENIUS Act,' to the stage of a full Senate vote. If the bill is finally passed in the Senate, federal regulations will be implemented for stablecoin issuers with a market capitalization of over $10 billion.

Bitwise predicted that "if the bill passes, major DeFi assets such as Ethereum (ETH), Solana (SOL), Uniswap (UNI), and Aave (AAVE) will benefit the most." There is also speculation that the stablecoin market, currently around $245 billion, could grow to $2.5 trillion in a short period.