Amid a booming crypto market, concerns about an impending recession grow. Bipartisan support for stablecoin regulation is increasing, with over 70 House Democrats endorsing the need for clear market structures. However, despite this positive shift, market responses have been tempered by fears stemming from President Trump's trade policies. ARK Invest's Cathie Wood warns that while a recession often brings negative consequences, it may also create opportunities for pro-growth policies. Wood emphasizes that a slowing velocity of money—indicating less frequent capital movement—could signal an economic downturn. Meanwhile, the US may soon see comprehensive legislation on stablecoins, as per Bo Hines from Trump's Presidential Council of Advisers on Digital Assets. In innovation, Ethena Labs and Securitize have launched a new blockchain named Converge to enhance accessibility in DeFi and tokenized finance. In asset management, Canary Capital has filed for a crypto ETF linked to Sui, underscoring a competitive landscape in institutional access to digital assets. This weekly update highlights trends and developments in the blockchain sector, focusing on both legislative advances and market dynamics.

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