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The U.S. House Financial Services Committee took a major step forward Wednesday in advancing the “ STABLE Act .” Designed to create a dedicated federal framework specifically for stablecoin regulation, the bill has reportedly gained significant bipartisan support. Both Republicans and Democrats on the committee are said to back its core provisions. The Stable Act has received broad reported support from across the political spectrum within the committee. Key sponsors named include prominent Representatives such as French Hill (R-AR), Ritchie Torres (D-NY), Tom Emmer (R-MN), and Bill Huizenga (R-MI). The legislation is expected to provide essential regulatory clarity for the stablecoin sector. This market has faced considerable uncertainty due to the rapid growth and evolution of digital assets generally in recent years. Related: Rep. Steil Wants Crypto Bills Passed “In Tandem”: Here’s the Strategy Committee Chairman French Hill emphasized the need for clear federal regulations to ensure the safe and effective use of stablecoins within the US financial system. He also stressed the bill aims to create practical “guardrails, not roadblocks” for ongoing financial innovation in this space. This perspective reportedly reflects the apparent bipartisan consensus reached within the committee: while stablecoin innovation is viewed as vital, it requires careful management to mitigate potential consumer protection and financial stability risks. Stablecoins are a type of digital asset typically pegged to the value of a reserve asset, in this case, fiat currency as the US dollar. They offer a faster, more efficient alternative to traditional payment systems, making them appealing for facilitating low-cost global payments. Supporters of the STABLE Act argue that with a robust US regulatory framework, dollar-pegged stablecoins could even help strengthen the US dollar’s international position as the world’s primary reserve currency. In addition to the primary STABLE Act, several other related digital asset bills were discussed during Wednesday’s committee hearing. Notable among these were H.R. 2392, titled the “Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025,” and H.R. 2384, the “Financial Technology Protection Act of 2025.” Related: The Tether Effect: Stablecoin Issuer Mints 4 Billionaires to Forbes 2025 Billionaires List These related bills, along with various proposed amendments discussed, broadly aim to address wider regulatory concerns surrounding new digital financial technologies and help ensure the safety of consumers and businesses interacting with them. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The bleeding continued for bitcoin ETFs on the first day of April, with a 3rd straight day of outflows. The hefty $157.64 million exit reinforced bearish sentiment in the crypto ETF space. Ark 21shares’ ARKB led the sell-off with a substantial $87.37 million outflow, followed by Fidelity’s FBTC with $85.35 million in redemptions. Grayscale’s GBTC and Wisdomtree’s BTCW also recorded outflows of $10.07 million and $6.76 million, respectively. Source: Sosovalue Not all funds were in the red, though. Bitwise’s BITB pulled in $24.53 million, while Franklin’s EZBC added $7.39 million, but these inflows did little to counter the broader exodus. At the end of the trading day, bitcoin ETF net assets stood at $95.45 billion, with total trading volume surging to $2.09 billion. Ether ETFs, after two brief days of inflows, fell back into negative territory with a $3.58 million outflow. Grayscale’s ETH led the decline, losing $2.7 million, while Bitwise’s ETHW shed $2.6 million. Source: Sosovalue A modest $1.72 million inflow from 21shares’ CETH wasn’t enough to change the tide, as total net assets for ether ETFs settled at $6.54 billion, with daily trading volume reaching $194.11 million. With crypto markets facing macroeconomic uncertainty and renewed investor caution, the ETF space continues to see capital flight. Bitcoin ETFs are now navigating a renewed sell-off, while ether ETFs struggle to break out of their long-term downtrend. The question remains: How long will the sell-off last? 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

Mainstream Adoption & Market Growth Bitcoin surged to an all-time high of $19,000 for the first time, bringing crypto into mainstream finance discussions. Thousands of retail investors joined the crypto space during this era and driving massive liquidity.

Justin Sun becomes the newest crypto magnate added to the Forbes list of the world’s billionaires. Meanwhile, CZ retains his place as the richest crypto billionaire. According to Forbes World’s Billionaires List 2025, Justin Sun has a net worth of $8.5 billion, earning him a spot at number 353. The Tron ( TRX ) founder recently entered the list this year, even though Arkham Intelligence estimated Justin Sun’s net worth to be around $1.4 billion as of January 2024. With the latest inclusion of Justin Sun, there are a total of sixteen crypto magnates on the list who have managed to accumulate a combined net of more than $164 billion. Former Binance CEO Changpeng “ CZ ” Zhao has maintained his place as the richest cryptocurrency mogul on the Forbes’ list. In 24th place, CZ’s net worth nearly doubled from $33 billion to $62.9 billion in the span of a year, even after paying fines and spending four months behind bars. After stepping down from his role as Binance CEO, CZ is currently head of YZi Labs, formerly known as Binance Labs. The second richest crypto figurehead is Giancarlo Devasini, the Chief Financial Officer of stablecoin issuing firm Tether ( USDT ). In 90th place with a net worth of around $22.4 billion, Devasini is stated to be the biggest shareholder of Tether. In fact, four out of the 16 crypto figures on the list of billionaires came from stablecoin giant Tether. Aside from Devasini, there’s also former CEO, Jean-Louis van der Velde, current CEO Paolo Ardoino, and General Counsel of Tether, Stuart Hoegne. Gemini co-founders and identical twins, Cameron and Tyler Winklevoss tie in 1141st place with a net worth of $3.2 billion each. The Winklevoss twins founded the cryptocurrency exchange Gemini in 2014, which currently processes $30 million worth of crypto transactions per day. Coinbase ( BASE ) co-founders Brian Armstrong and Fred Ehrsam also made it into the billionaires list. Armstrong ranks in 311th place with a net worth of $9.2 billion, while Ehrsam is in 1362nd place with a net worth of $2.7 billion. Chairman of Strategy , Michael Saylor has seen his net worth increase by $3 billion compared to last year, bringing him to 430th place. Saylor’s net worth is reportedly worth around $7.4 billion. Formerly called MicroStrategy, the software company rebranded to Strategy in February this year. At press time, Strategy is the largest corporate holder of Bitcoin ( BTC ), owning 528,185 BTC worth around $45 billion. Other major names from the crypto space that are included on the list include Ripple ( XRP ) co-founder Chris Larsen, Stellar’s ( XLM ) Jed McCaleb, venture capitalist Tim Draper, CEO of Galaxy Digital Holdings Mike Novogratz and Bloq chairman Matthew Roszak.

Grayscale is expanding its exchange-traded funds offering with two new products targeted at investors seeking exposure via covered call writing strategies. Grayscale, one of the leading crypto asset managers in the ecosystem, announced the launch of the new Bitcoin ( BTC ) exchange-traded funds on April 2, 2025. The Grayscale Bitcoin Covered Call ETF and Grayscale Bitcoin Premium Income ETF will trade under the ticker symbols BTCC and BPI, respectively. The new Bitcoin ETF products will offer investors access to options-based income generation via covered call strategies. In this case, Grayscale aims to provide investors an opportunity to benefit from Bitcoin’s market volatility through income-focused products. BTCC and BPI come on the heels of renewed demand for exchange-traded products. Grayscale’s push to gain further traction in the space also includes a recent filing with the U.S. Securities and Exchange Commission to convert its Digital Large Cap Fund into an ETF . BTCC is an “income-first strategy” that will leverage Bitcoin’s volatility and likely a great opportunity for investors eyeing regular cash flows and high yield. Investors can also use the option premiums they receive to hedge against market downturns. “Grayscale Bitcoin Covered Call ETF may complement an investors existing Bitcoin exposure by adding income, while Grayscale Bitcoin Premium Income ETF offers an alternative to Bitcoin ownership, aiming to balance upside participation and income generation for investors,” David LaValle, global head of ETFs at Grayscale, said. The Grayscale Bitcoin Covered Call ETF seeks to generate current income, with a secondary objective of providing access to BTC returns through options on spot Bitcoin ETFs. Grayscale plans to include its spot ETF products, the Grayscale Bitcoin Trust ETF and the Grayscale Bitcoin Mini Trust ETF, in the BTCC fund. Meanwhile, the Bitcoin Premium Income ETF will target calls on BTC strike prices “well out of the money,” allowing investors to benefit from potential dividend-like income from BTC appreciation. Grayscale says both funds are actively managed, fully options-based, and aim to offer income distribution on a monthly basis.