The passage of the US Stablecoin Bill could propel cryptocurrency markets into a bull market, according to Bitwise CIO Matt Hougan. He predicts the bill’s approval will unlock an estimated $2.5 trillion in new market value. This expansion would be driven by institutional investors like JPMorgan and Visa joining the crypto space due to increased regulatory clarity. The bill mandates registration for stablecoin issuers with federal banking regulators, ensures anti-money laundering compliance, and introduces regular audits. These measures are expected to boost trust and confidence in the stablecoin market, leading to a significant increase in market size, liquidity, and participation from traditional financial institutions.