Bo Hines predicts U.S crypto industry will skyrocket to $20t in value after stablecoin bill passes
2025-07-04 09:13:52
Main Idea
Bo Hines, Executive Director of the President’s Council of Advisers on Digital Assets, predicts the crypto market could grow to $15-$20 trillion following the GENIUS Act's legalization, with the stablecoin bill playing a key role in this expansion.
Key Points
1. Bo Hines forecasts a $15 to $20 trillion surge in the digital asset industry's value post-GENIUS Act implementation.
2. The stablecoin bill is expected to strengthen the U.S. dollar's dominance in tokenized public securities markets.
3. The GENIUS Act recently passed the U.S. Senate with bipartisan support (68-30 votes).
4. At press time, the crypto market cap had declined by 4.3% to around $3.4 trillion.
5. Hines emphasized that accessing U.S. capital markets will require using dollar-backed stablecoins.
Description
Executive Director of the President’s Council of Advisers on Digital Assets, Bo Hines, predicts the digital asset industry will see a $15 to $20t surge in value following the GENIUS Act’s legalization. In a recent interview , the Executive Director of President Trump’s Advisor Council on Digital Assets emphasized the importance of the White House’s stablecoin bill and its impact on the crypto market. He believes once the stablecoin bill passes, the U.S. crypto industry will benefit from the afte...
Latest News
- Belgian Court sentences three for crypto coach’s wife kidnapping2025-07-04 12:19:31
- SOL gets fresh institutional push as Nasdaq-listed firm expands treasury with $2.7m2025-07-04 11:32:52
- Amber International raises over a quarter of $100m goal to boost crypto holdings2025-07-04 11:32:05
- Analysis: Bitcoin could reach $120K in July amid BTC market maturity2025-07-04 11:29:14
- $2.4B lost in 2025 H1 crypto hacks — exchanges and DeFi hit hardest: report2025-07-04 11:16:45