#CryptoStocks Major Web3 & Crypto Moves
The crypto space is buzzing with momentum today! Here's your top 3 must-know updates:
๐น 1. GENIUS Act Passed by U.S. Senate ๐บ๐ธ
The U.S. has officially stepped into stablecoin regulation. The GENIUS Act just got approved with a 63โ30 vote, bringing clarity and legal structure to stablecoins. Now, issuers must back tokens 1:1 with cash or short-term Treasuries, publish audits, and offer user protection. This could massively boost adoption as giants like Meta, Visa, and Mastercard explore stablecoin payments.
๐น 2. Tron Goes Public via Nasdaq Merger ๐
In a bold move, Justin Sun is taking Tron to Wall Street through a reverse merger with SRM Entertainment. The resulting company, Tron Inc., will be listed on Nasdaqโmaking it one of the first major crypto-native projects to go public. This could mark a new era of crypto acceptance in traditional finance.