Will Altcoins Crash If US Congress Fails To Pass Stablecoin Regulations? – ‘CoinGape’ News Summary (India)

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Altcoins could face headwinds if Congress fails to pass pending stablecoin legislation, according to industry experts.

Bitwise CIO Matt Hougan has expressed concern that legislative inaction would particularly impact altcoins.

This cautionary outlook comes as the Senate prepares to vote on the GENIUS Act before Memorial Day.


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Article Details

Author / Journalist: Vignesh Karunanidhi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 18:35:10 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 567 words

Reading Time: 4 minutes read

Sentences: 44 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28445336

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Official Website: coingape.com

Update Frequency: 31 posts per day

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News Last Updated: 8 hours ago

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