#MarketPullback

The cryptocurrency market is facing a significant setback, particularly with Solana (SOL), which has recorded a 29% drop since the beginning of 2025. This decline coincides with the recent approval of the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) by the U.S. Senate Banking Committee, which seeks to establish a federal regulatory framework for stablecoin issuers. Although the bill has progressed, it faces political challenges that could affect its implementation.