According to Matt Hougan, the market is underestimating the probability of success on market structure legislation, signaling a potential mispricing for traders to monitor. Source: Matt Hougan on X, Nov 12, 2025. He also linked to a related post by David Sacks, highlighting his conviction on legislative odds. Source: Matt Hougan on X, Nov 12, 2025.

According to U.S. policymakers, the GENIUS Act establishes clear regulatory oversight for stablecoins, enhancing transparency and consumer protection, which could reduce market volatility and encourage adoption in cryptocurrencies like BTC. The BITCOIN Act aims to clarify Bitcoin's legal status, potentially increasing investor confidence and trading activity. Additionally, state-level initiatives in Michigan and Wyoming promote crypto-friendly laws, supporting broader market growth and innovation.