Bo Hines, the US President’s Chief Advisor on Digital Assets, made a striking prediction about the cryptocurrency sector. Hines said that with the entry into force of stablecoin regulations in the US, the total market value of the digital asset industry could reach $15 to $20 trillion.
Bo Hines said in a statement that these regulations will be a major turning point not only for crypto markets but also for the global financial system. “Tokenized shares, 24/7 open markets and global dollar access… This is where the US becomes a world leader in crypto and financial technologies,” he said.
According to Hines, any individual or institution that will access the US capital markets through stablecoin laws will be required to use dollar-backed stablecoins. This will both increase capital inflows and further strengthen the US’s influence in the global financial system.
“We must lead the adoption of digital asset financial technology,” Hines said, adding that this transformation will protect the U.S. economy, spur innovation and solidify global leadership.
*This is not investment advice.