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Some US Democratic lawmakers withdraw support for stablecoin bill; Bitwise analyzes the background

2025/05/07 17:46 (Updated 2025/05/09 09:01)
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Written by A.Yamada
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Some US Democratic lawmakers withdraw support for stablecoin bill; Bitwise analyzes the background
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  1. Withdrawing support for political reasons?

Withdrawing support for political reasons?

Matt Hogan, chief investment officer at cryptocurrency management company Bitwise, pointed out on the 5th that the stablecoin bill is unclear.

If the bill is stalled, he predicts that it will be a tough summer for the cryptocurrency market. On the other hand, he said that if Congress can take good action on the bill, the bull market will be unstoppable.

Stablecoins are cryptocurrencies whose prices are always stable. Stablecoins are a type of cryptocurrency, and unlike volatile assets such as BTC, ETH, and XRP, they are backed by the US dollar and can maintain their value...

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