Everyone believes that the 'GENIUS Act' will ease cryptocurrency regulation, but this stablecoin bill has encountered a major setback in the U.S. Senate. However, Coinbase CEO Brian Armstrong believes that significant progress will be made in U.S. cryptocurrency legislation this week and expects more advancements to follow. Over the past 24 hours, the digital asset market index has surged significantly, with the largest altcoin Ethereum leading the way, soaring 22%. The total market capitalization of cryptocurrencies has increased by more than 5% in the past day, reaching $3.25 trillion. Its 24-hour trading volume has skyrocketed 72%, reaching $190 billion, and market sentiment has entered the 'greed' zone.