According to Fox News, Governor Ron DeSantis is urging Congress to replicate Florida’s DOGE-friendly regulatory framework as Elon Musk’s proposed federal cryptocurrency tax cuts, which could significantly impact Dogecoin and broader altcoin trading, remain pending a congressional vote. Florida’s blueprint, which has seen a surge in local DOGE transactions and increased trading volumes (Fox News, May 28, 2025), is being positioned as a model for national adoption. Traders are closely monitoring legislative developments, as a federal shift could accelerate mainstream DOGE integration and spark volatility across the crypto markets.

According to Crypto Rover, Coinbase CEO Brian Armstrong has publicly called on the US Congress to pass legislation specifically regulating crypto stablecoins. Armstrong emphasized that clear regulatory guidelines would provide much-needed certainty for market participants, potentially increasing institutional adoption and liquidity in the stablecoin sector. For traders, this move could reduce volatility and support price stability across major cryptocurrencies, especially those paired with stablecoins. Armstrong’s statement highlights the urgent need for legislative clarity, which could act as a bullish catalyst for the broader crypto market if enacted (source: Crypto Rover Twitter, May 14, 2025).