Bitcoin Flourishes as the Ancien Régime Falls
Crypto Week drives a rally pinned on hopes for a revolution in regulation.
Can you hear the crypto bros cheer?
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Bitcoin’s latest charge is very much understandable. Regime change is in its favor. It owes much to the steady advance through Congress of the proposed Guiding and Establishing National Innovation for US Stablecoins Act (known as the GENIUS Act because Washington loves its acronyms) as lawmakers strive to make the US the world’s “crypto capital.”