{"id":4988,"date":"2025-07-04T09:20:00","date_gmt":"2025-07-04T09:20:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bo-hines-predicts-u-s-crypto-industry-will-skyrocket-to-20t-in-value-after-stablecoin-bill-passes\/"},"modified":"2025-07-04T09:20:08","modified_gmt":"2025-07-04T09:20:08","slug":"bo-hines-predicts-u-s-crypto-industry-will-skyrocket-to-20t-in-value-after-stablecoin-bill-passes","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bo-hines-predicts-u-s-crypto-industry-will-skyrocket-to-20t-in-value-after-stablecoin-bill-passes\/","title":{"rendered":"Bo Hines predicts U.S crypto industry will skyrocket to $20t in value after stablecoin bill passes"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Executive Director of the President\u2019s 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\u2019s legalization.<\/p>\n<p>In a recent <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/simplykashif\/status\/1941024514420138205\" target=\"_blank\">interview<\/a>, the Executive Director of President Trump\u2019s Advisor Council on Digital Assets emphasized the importance of the White House\u2019s 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 aftermath.<\/p>\n<p>\u201cThe capital injection that goes into digital assets ecosystems or stables is enormous. I think that you\u2019re looking into an industry going to $15 [trillion] to $20 trillion dollars,\u201d said Hines.<\/p>\n<p>At press time, the overall crypto market is experiencing a downturn. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\">Data<\/a> from CoinGecko shows that the crypto market cap has gone down by 4.3%, plummeting to around $3.4 trillion. If Bo Hines\u2019 prediction comes true, then the stablecoin bill in the U.S. could boost the crypto market by more than five times its current market cap.<\/p>\n<p>According to Hines, crypto regulations being processed in the White House, including the stablecoin bill that is awaiting its vote from the House of Representatives, will put the United States \u201cat the forefront of adoption of digital asset financial technology.\u201d<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>He explained that the stablecoin bill will strengthen the hold of U.S. dollar-pegged stablecoins, considering there will be a lot of innovations based around the blockchain that will heavily rely on the use of dollar-backed stablecoins.<\/p>\n<p>\u201cTokenized public securities 24\/7 markets. If you wanna access U.S. capital markets, you\u2019re going to have to use a dollar-backed stable,\u201d said Bo Hines.<\/p>\n<p>\u201cThis is what positions the United States to be the global leader And in reality we should be pushing this change,\u201d he continued.<\/p>\n<p>The Guiding and Establishing National Innovation for U.S. Stablecoins Act, or more widely known as GENIUS Act, recently received a green light from the U.S. senate with a majority bipartisan support of 68 to 30 votes. The bill is now awaiting a vote from the House of Representatives and is poised to advance by the end of July. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Executive Director of the President\u2019s 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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=4988"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4988\/revisions"}],"predecessor-version":[{"id":4989,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4988\/revisions\/4989"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4573"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=4988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=4988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=4988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}