Bitcoin may benefit from the growing stablecoin adoption and push for more regulatory clarity, according to Omri Hanover, general manager at the Gems Trade blockchain launchpad. “If Trump’s policy strengthens US financial dominance, Europe’s reluctance and ‘wait-and-see’ approach could weaken its economic leverage,” he told Cointelegraph, adding:“This divide creates two market realities: US accelerates Bitcoin’s institutional adoption, drawing capital; and EU prioritizes compliance, risking a capital shift to US markets.”Meanwhile, two major bills await congressional approval: the Stablecoin bill and the Market Structure bill, which aim to help lift the regulatory uncertainty around the US crypto industry.
During the White House Crypto Summit on March 7, US Treasury Secretary Scott Bessent said the American government would use stablecoins to ensure the US dollar remains the world’s global reserve currency.“We are going to put a lot of thought into the stablecoin regime, and as President Trump has directed, we are going to keep the US [dollar] the dominant reserve currency in the world,” Bessent said.
Related: US Bitcoin reserve marks ‘real step’ toward global financial integrationGrowing stablecoin issuer profits may flow into Bitcoin investmentsThe growing profits of stablecoin issuers could contribute to Bitcoin investments, further strengthening its status as a store of value.
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Author / Journalist: Cointelegraph by Zoltan Vardai
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