Cardano Founder Predicts Regulatory Changes Will Onboard 3 Billion Crypto Users
The crypto market has been in a downtrend throughout March, with prices declining due to investor caution and lack of momentum. As April begins, attention shifts to potential upcoming regulatory changes.
Charles Hoskinson, founder of Cardano, identifies two key U.S. Senate bills on stablecoins and market structure as potentially transformative for crypto adoption. He predicts that if these bills pass, major tech companies such as Apple, Google, and Facebook will integrate crypto wallets into their platforms, leveraging their existing user bases and infrastructure.
Key Points
- The STABLE Act aims to clarify regulations regarding stablecoins, preventing them from being classified as securities.
- Hoskinson expects this legislation to be passed within 60 to 90 days.
- Successful passage will facilitate integration of stablecoin payments into large tech platforms.
- This development could rapidly increase crypto user access by over 3 billion globally.
- Increased user engagement may lead to higher trading volumes and greater investment interest in crypto.
