Industry News:
The U.S. Senate is set to hold a final debate vote on the "GENIUS Act" on May 19, which could take a key step towards stablecoin regulation. Meanwhile, Barclays Bank has raised its forecast for U.S. economic growth, predicting that the country will not fall into recession in the second half of 2025. Following new agreements in the Middle East, outsiders believe that Trump is likely to consolidate the U.S. leadership position in the AI field. The co-founder of Ethereum stated that Ethereum is an alternative to Bitcoin, not a competitor. PayPal executives emphasized that the potential of stablecoins requires bank participation to be realized, and Federal Reserve official Barr also warned that supply chain disruptions could once again increase inflationary pressures.
