Growth Points Round 1️⃣ 1️⃣ Summer Lucky Grand Draw is on fire!
Draw now for your chance to win an iPhone 16 Pro Max and exclusive merch!
👉 https://www.gate.com/activities/pointprize?now_period=11
🎁 100% win rate! Complete simple tasks like posting, liking, commenting in Gate Post to enter the draw.
iPhone 16 Pro Max 512G, Gate hoodies, Sportswear, popular tokens, Futures Vouchers await you!
Collect just 2 fragments to easily redeem Gate merch—take your rewards home!
Ends on June 4th, 16:00 UTC. Try your luck now!
More info: https://www.gate.com/announcements/article/45185
Bitwise Chief Investment Officer: If Congress fails to pass the encryption bill, the crypto market may face a difficult summer.
Deep Tide TechFlow news, on May 6, reported by The Block, Bitwise Chief Investment Officer Matt Hougan warned that if Congress fails to pass the encryption bill, the industry will face a tough summer. Currently, the stablecoin bill GENIUS Act is facing obstacles in the Senate, as Democrats who previously supported the bill (including Senate Minority Leader Chuck Schumer) withdrew their support citing that the national security and AML policy provisions were not strict enough.
Hougan stated that although the Trump administration has a positive attitude towards encryption, any current progress may be easily overturned by future administrations if Congress fails to pass relevant legislation. Nevertheless, he remains optimistic, believing that if Congress can pass stablecoin and market structure bills, most crypto assets are expected to reach all-time highs this year, with Bitcoin prices potentially surpassing $200,000.