Lawmakers are pushing legislation to benefit the crypto industry, with Bitcoin breaking $120,000 and Ethereum reaching $3,000. The total market cap hit $3.8 trillion, close to the UK’s GDP. Despite legislative progress during “Crypto Week,” the bills failed to advance to debate. Increased adoption is key for crypto to go mainstream. Stablecoins could gain regulatory clarity with the GENIUS Act, potentially revolutionizing consumer transactions. Global remittances and real-world applications could drive crypto mainstream. Bitcoin’s resilience as digital gold hinges on continued stability amid economic uncertainty.

The crypto industry is evolving, with potential for mainstream adoption and regulatory clarity. Stablecoins and global remittances could disrupt traditional finance, while real-world applications like smart contracts and web3 gaming show promise. Increased adoption and understanding are crucial for long-term success. Bitcoin’s potential as a store of value will depend on its ability to maintain stability in the face of economic challenges. Consider the risks and limitations of investing in crypto, as it remains a volatile asset class.

Read more at Nasdaq: Welcome to “Crypto Week.” With Two Cryptocurrency-Focused Bills in the House This Week, Is The Industry Officially Mainstream?