thecryptobasic.com
Cardano founder says the next phase of crypto growth depends on Washington’s regulatory clarity and the entry of tech giants into the industry.
In a recent interview, Charles Hoskinson said the CLARITY Act could open the door to a massive market expansion, led by stablecoins, real-world assets, and major tech firms.
Regulatory Clarity Could Drive Market Expansion
Hoskinson pointed to the Digital Asset Market Clarity Act of 2025, commonly known as the CLARITY Act, as a potential turning point for the industry. The bill, which passed in the House of Representatives on July 17, aims to establish a clear regulatory structure for digital assets, including classification, trading, and oversight responsibilities.
He also emphasized the growing role of real-world assets (RWAs), which are blockchain representations of tangible or financial assets like real estate or bonds.
Predicting the growth in the industry, Hoskinson noted that when the CLARITY Act passes, the stablecoin market will surge above $1–2 trillion. Hoskinson is also very bullish on the global crypto market cap, expecting an uptick above $10 trillion.
For context, the global crypto market cap stands at $3.803 trillion, after a massive 8.1% decline in the past day. Bitcoin dominance stands at 61.2% with a market cap of $2.80 trillion. A surge of the global crypto market cap to $10 trillion will push Bitcoin’s market cap to $6.12 trillion at this dominance rate, translating to a price of over $300,000 per BTC.
Stablecoin Growth Continues to Accelerate
Meanwhile, recent data supports Hoskinson’s outlook for stablecoins. The Kobeissi Letter reported that stablecoins now hold $149 billion in U.S. Treasuries, up 64% since Q1 2023. The total stablecoin market cap has doubled over the same period, reaching an estimated $240 billion.
This growth has positioned stablecoins as one of the largest external holders of U.S. debt. Analysts at Apollo noted that rising demand for dollar-based stablecoins could translate into greater demand for short-term Treasury bills.
The GENIUS Act, another federal initiative, has further supported the stablecoin market by allowing greater interoperability between digital currencies and the traditional financial system.
In furtherance of this act, Trump’s crypto adviser, Bo Hines, projected that the digital asset market could grow to between $15 trillion and $20 trillion in the coming years, up from its current $3.81 trillion valuation.
Hines noted that the passage of the GENIUS Act could drive massive capital inflows. He believes the act lays the groundwork for innovations like tokenized public securities and 24/7 financial markets, with dollar-backed stablecoins becoming central to U.S. capital market access.