#FOMCMeeting The crypto market is seeing major developments today. The U.S. Senate just passed the GENIUS Act, a bill to regulate stablecoins, requiring full reserves and monthly disclosures. Bitcoin remains volatile ahead of the June 18 FOMC meeting, with institutional investors watching closely. Meanwhile, Purpose Investments is launching the world’s first spot XRP ETF, marking a milestone for altcoins. Chinese Bitcoin mining giants like Bitmain and Canaan are shifting operations to the U.S. to dodge tariffs. On the political front, Donald Trump faces backlash over his involvement with memecoins and proposed crypto deregulation, raising ethical concerns among regulators.