According to Jake Chervinsky, passing stablecoin legislation in Congress remains a complex process requiring persistent effort and collaboration, rather than grand strategy. For crypto traders, this indicates that regulatory clarity around stablecoins could take longer to materialize, affecting short-term trading strategies and stablecoin-related market moves. Traders should closely monitor legislative updates, as the enactment of stablecoin regulation could significantly influence liquidity, trading pairs, and volatility in major cryptocurrencies (source: Jake Chervinsky on Twitter, May 2, 2025).