Arthur Hayes Says Proposed Stablecoin Law Will Unleash Multi-Trillion-Dollar Liquidity Bazooka and Benefit Bitcoin, JPMorgan Chase – Here’s How
2025-07-05 17:00:54
Description
BitMEX co-founder Arthur Hayes believes the US legislation seeking to establish a framework for dollar-pegged stablecoins will be bullish for Bitcoin ( BTC ) and major banks. In a new essay , Hayes says the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act will unlock trillions of dollars in liquidity and boost markets. According to Hayes, the GENIUS Act, which was passed in the U.S. Senate last month and is now waiting to be tabled on the floor of the U.S. House of ...
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