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 Crypto Biz: As crypto booms, recession looms Cointelegraph 21 Mar 2025

Crypto Biz: As crypto booms, recession looms 💼

America's crypto policy shift has become bipartisan, with lawmakers keen on preserving the US dollar's global sway. Representative Ro Khanna mentions forthcoming stablecoin bills, while President Trump's trade policies breed recession fears.

Cathie Wood of ARK Invest warns of economic recession risks linked to Trump's tariffs, suggesting potential opportunities for pro-growth policies.

The looming recession could make crypto appealing as ARK's Wood suggests more policy flexibility for Trump and the Federal Reserve.

Stablecoin legislation is imminent, with Bo Hines noting bipartisan progress on the GENIUS Act for stablecoin guidelines.

Ethena Labs and Securitize launch "Converge," a blockchain for bridging DeFi and traditional finance. Canary Capital targets institutional access with a Sui ETF filing, reflecting growth interest in digital assets.

Source: cointelegraph.com ↗