Charles Hoskinson “Stablecoin Legislation, Will Pass Within 60~90 Days…Turning Point For Digital Asset Regulation”

Charles Hoskinson, founder of Cardano, also mentioned as a strategic reserve (Source: Coingape)

Charles Hoskinson, co-founder of Ethereum and founder of Cardano developer IOHK, predicted that the stablecoin regulatory bill being discussed in the United States Congress will be passed within the next 2-3 months. He assessed that this bill would play a decisive role in restoring trust in the stablecoin market and entering the institutional sector.

In an interview with Cryptonewsland, Hoskinson said, “If clear management standards and collateral requirements for stablecoin issuers are legislated, institutional investors can safely enter the market.” He predicted that after the bill is passed, the 'Market Structure Bill', which will define the legal classification of digital assets and exchange operation standards, is also likely to be passed in August-September.

Until now, stablecoins have grown rapidly without a clear regulatory framework, and this bill is designed to fill that gap. It is expected to include cash and US treasury-based collateral that issuers must hold, issuance and redemption procedures, and transparent accounting standards. This analysis suggests that this could lead to the active participation of traditional financial institutions such as hedge funds and banks.

Hoskinson pointed out that the growth stagnation of the digital asset market stemmed from regulatory uncertainty, and said, “This bill is the first step towards securing institutional trust and will open new opportunities for the DeFi ecosystem.” He also emphasized, “The Market Structure Bill will clearly delineate the roles of the SEC and CFTC to avoid regulatory overlap and conflicts.”

Amid the years-long debate over whether digital assets are securities or commodities, this bill is expected to provide clear classification standards, enabling exchanges and project developers to more clearly recognize and respond to regulatory risks. Hoskinson added that if these bills are passed, they could serve as a decisive turning point in the future upward trend of the cryptocurrency market.