Bitwise CIO Ties GENIUS Act to $1B Crypto Fundraising

TLDR Three corporate-backed blockchains raised over $1 billion in combined funding in recent months. Bitwise CIO Matt Hougan said the GENIUS Act helped unlock institutional capital for crypto projects. Circle’s Arc secured $222 million at a $3 billion fully diluted valuation. Canton Network sought $300 million at a $2 billion valuation with backing from major [...]

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