The cryptocurrency market's aggregate valuation has breached the $4 trillion threshold for the first time, fueled by surging token prices and regulatory breakthroughs in Washington.
U.S. lawmakers enacted the nation's inaugural federal framework for stablecoin oversight on Thursday. This bipartisan legislation, endorsed by Republican leaders and former President Donald Trump, establishes federal and state supervision for dollar-pegged tokens circulating across platforms 24/7. Designed to legitimize the $265 billion sector, Citigroup analysts forecast its expansion could reach $3.7 trillion by 2030.
Alternative tokens spearheaded the latest rally, with Ethereum rocketing 22% over five trading sessions. While Bitcoin – the industry benchmark – achieved an unprecedented $123,205 valuation earlier this week, Friday witnessed Uniswap catapulting 24% alongside Solana's 6.5% ascent. This synchronized surge underscores growing institutional confidence following the regulatory clarity.
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