Bernstein Says U.S. Crypto Framework Positions Nation as Global Leader
Wall Street broker Bernstein has indicated that the U.S. is poised to become the leading global center for cryptocurrency following the introduction of comprehensive regulatory frameworks, including the recently enacted GENIUS Act and the forthcoming CLARITY Act. These regulations are set to establish a unified market structure, particularly in stablecoin oversight, resulting in U.S. dollar-backed stablecoin supply exceeding $260 billion. Bernstein's report highlights a burgeoning institutional interest in crypto-based ETFs and IPOs, with new institutional capital significantly driving the industry. SEC Chair Atkins' initiatives aim to integrate blockchain technology with traditional securities, intending to foster innovation by classifying most crypto assets outside of securities law. This regulation promises to reduce political risk and enhance institutional participation further. The report notes that crypto ETFs have reached $160 billion in assets, while the digital asset IPO market has thrived, totaling $4 billion raised since January 2025. Overall, Bernstein envisions a more sustainable crypto cycle bolstered by clear regulatory frameworks and increased institutional adoption.
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