Congress Is Working on a New Crypto Bill. Here's What Investors Need to Know.
In June 2020, the value of the crypto stablecoin industry was $10 billion. Five years later, it's now a $250 billion industry. That makes stablecoins one of the fastest-growing areas of the crypto market right now.In fact, stablecoins have grown so fast and have become so popular that they have attracted the attention of Congress, which is looking for ways to regulate them. There are now two competing pieces of legislation, one in the House and one in the Senate, and the goal is to have a final bill passed before the end of the summer.Continue reading
In June 2020, the value of the crypto stablecoin industry was $10 billion. Five years later, it's now a $250 billion industry. That makes stablecoins one of the fastest-growing areas of the crypto market right now.
In fact, stablecoins have grown so fast and have become so popular that they have attracted the attention of Congress, which is looking for ways to regulate them. There are now two competing pieces of legislation, one in the House and one in the Senate, and the goal is to have a final bill passed before the end of the summer.
