It's a historic day for crypto as the US House delivered on key stablecoin and market structure legislation. Still work to do on the latter, but here is why this is monumentally important and could usher in the mother of all crypto bull markets👇

This is because large companies generally have strong incumbent businesses and will not risk disintermediating them if they don’t have to, especially if doing so increases regulatory & legal risk #ThanksGary

However, once the rules are clear (and codified into law so they don't change based on the Admin), large corporations will be forced to jump in in a big way. If they do not, they will be disintermediated by those who do

While a bit antithetical to crypto, this will throttle blockchain and crypto adoption and lead to a step-change in usage and functionality

This is because it's the biggest institutions that have: ☑️ billions of customers ☑️ built in trust ☑️ billions of dollars of capital ☑️ top devs

Imagine @googlechrome adding a built-in crypto wallet or @amazon accepting stablecoins (which they're reportedly exploring). We could be on the precipice of onboarding the masses.

One quick caveat - it won't be instantaneous as it takes decades for tech to reach its final form (think internet in the 80s -> web2 in the mid-00s) and decades for people to change their behavior (think steady but slowly increasing online retail sales)