On July 16, CoinWorld reported that asset management company Bitwise stated that the upcoming cryptocurrency legislation in the United States is expected to drive digital assets into the mainstream market. Bitwise pointed out that clear regulations will enable large financial institutions such as JPMorgan, BNY Mellon, and Nasdaq to fully engage in the crypto space, bringing in billions of dollars in new investments and facilitating the migration of trillions of dollars in traditional assets to Blockchain. Bitwise also mentioned that the frequent blow-ups in the crypto industry in the past were mainly due to a lack of regulation, and after the legislation is passed, it is expected to reduce extreme fluctuations and risks. In addition, the GENIUS Act received bipartisan support in the Senate with a vote of 68 to 30, indicating a reduction in political resistance, and Wall Street along with mainstream institutions are accelerating their entry. In the future, crypto assets will be deeply embedded in the financial system, making it difficult to reverse.