Chart of the week

Few topics are drawing more attention in crypto today than the accelerating push for a more inclusive regulatory framework in the United States. At the center of this shift is the growing momentum behind stablecoin regulation—a trend increasingly reflected in both policy discussions and market activity. We're seeing meaningful signals: from legislative movement in Congress to early adoption by major corporations and financial institutions.

Recent headlines, including Société Générale's plans to issue its own stablecoin and the upcoming vote on the US stablecoin bill, only add to the momentum. Together, these developments point to a potential boost in demand for smart contract platforms like Ethereum and Solana—the foundational infrastructure where stablecoins are issued and traded.

Market Highlights

DeFi and custody rules withdrawn

The SEC has withdrawn several proposed rules from the previous administration following Chair Atkins speech that reinforced the need for clearer regulation and the support for decentralized finance (DeFi).

This should remove significant barriers for DeFi and crypto custody operations, which historically stifled innovation and limited banking access for crypto firms. 

Stablecoin bill vote on Tuesday

The US Senate will likely vote Tuesday on the GENIUS Act, legislation to establish a federal regulatory framework for stablecoins.

By setting clear rules, the bill may attract even more institutional investors and tech firms to integrate stablecoins, positioning the US as a leader in digital asset regulation.