Cryptocurrency money laundering again by political “handouts”—can this high-stakes gamble pay off once more?
Why do I say “again”? New friends can go look up the 2024 election: the industry投入 $170 million. Why was that a bet? What was the prize if they won?
Of course there was a win: it helped successfully push the passage of the first-ever federal stablecoin regulatory bill, the “Genius Act.”
With precedents in place, this time they’re going in harder. This was back in June, and by now it’s likely already close to $300 million.
This deal is also very clear: it’s to get the “Digital Asset Market Clarity Act” across the finish line. Once passed, the legal status of the U.S. crypto industry will be fully defined. Trading coins will move from a gray area into a legitimate, regulated industry.
If this bill passes and the regulatory framework becomes clear, institutional capital can enter at scale in a compliant manner—which will be a long-term positive for $BTC and $ETH .
Of course, there’s risk too. Whether the deal succeeds matters: if it fails, the money will be wasted, and it will also affect capital flows and market sentiment. If it succeeds, it gains a legal identity; if not, it may fall into a slump in the short term.
Personally, I think the chances of success this year are slim. The bar is too high, the timeline isn’t even enough, and besides, this moment also isn’t right. We don’t have the right timing, place, or people. But as they keep moving step by step in this direction, it’s possible that in the not-too-distant future…
Why do I say “again”? New friends can go look up the 2024 election: the industry投入 $170 million. Why was that a bet? What was the prize if they won?
Of course there was a win: it helped successfully push the passage of the first-ever federal stablecoin regulatory bill, the “Genius Act.”
With precedents in place, this time they’re going in harder. This was back in June, and by now it’s likely already close to $300 million.
This deal is also very clear: it’s to get the “Digital Asset Market Clarity Act” across the finish line. Once passed, the legal status of the U.S. crypto industry will be fully defined. Trading coins will move from a gray area into a legitimate, regulated industry.
If this bill passes and the regulatory framework becomes clear, institutional capital can enter at scale in a compliant manner—which will be a long-term positive for $BTC and $ETH .
Of course, there’s risk too. Whether the deal succeeds matters: if it fails, the money will be wasted, and it will also affect capital flows and market sentiment. If it succeeds, it gains a legal identity; if not, it may fall into a slump in the short term.
Personally, I think the chances of success this year are slim. The bar is too high, the timeline isn’t even enough, and besides, this moment also isn’t right. We don’t have the right timing, place, or people. But as they keep moving step by step in this direction, it’s possible that in the not-too-distant future…
