🏛️ U.S. Senate Approves Stablecoin Regulation

The Senate passed the bipartisan GENIUS Act (68‑30), setting the country’s first federal framework for stablecoins—including full reserves, audited statements, AML and consumer protections—before moving to the House .

This milestone is welcomed by major firms (Amazon, Visa, Mastercard) and industry leaders as a legitimizing step for digital finance—but critics like Sen. Warren warn it doesn't go far enough .

📉 Crypto Market Reaction

Despite the Senate bill, Bitcoin $BTC

dropped ~1% to around $104–105K, with altcoins falling more—Ether −2.6%, $XRP

−3.6%, $SOL

Solana −3%—as geopolitical tensions (Israel‑Iran) and Fed rate‑decision jitters prompted risk‑off moves .

The global crypto market cap dipped to approximately $3.27 trillion .

🇨🇳 China Advances Digital Yuan

China’s central bank commits to expanding the digital yuan internationally as part of its goal to develop a multi‑polar currency system .

🏦 New Spot XRP ETF in Canada

Purpose Investments launched the first spot XRP ETF trading on the Toronto Stock Exchange under ticker XRPP, available starting June 18 2025 .

🔄 Tron Goes Public

Justin Sun’s Tron project is merging with Nasdaq‑listed SRM Entertainment (renamed Tron Inc.), aiming to raise $100 million and fuel TRX token growth via public markets .

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🔍 Analysis

Regulatory clarity on stablecoins is a major boost, paving the way for innovation and institutional adoption—but market caution remains due to external risks.

Central bank digital currencies (CBDCs) like China’s digital yuan are gaining momentum in shaping future cross‑border finance.

The XRP ETF and Tron’s public listing highlight growing momentum in integrating crypto with traditional capital markets.

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