š° Top Headlines of the Day
1. U.S. passes & signs GENIUS Act into law
On July 17, the U.S. House of Representatives overwhelmingly passed the GENIUS Act (308ā122) and President Trump signed it into law on July 18. This landmark legislation regulates stablecoins, requiring issuers to maintain strong collateral, conduct regular audits, and publish reserves monthly .
The purpose: legitimize stablecoins, enhance consumer protection, and pave the way for integrating digital assets into mainstream financial systems. It's being hailed as the first major federal crypto law in the U.S. .
2. š Crypto market cap hits $4āÆtrillion
Thanks to the GENIUS Act and bullish sentiment, total crypto market capitalization soared to a record $4āÆtrillion on July 19 .
Institutional interest is surgingāETFs are raking in huge inflows, and major firms like MicroStrategy and MetaPlanet are expanding Bitcoin holdings.
@humafinance #HumaFinance
@walletconnect #WalletConnect $WCT