#CryptoIn401k ,Geopolitical headwinds kept markets risk-off, with oil hitting new year-to-date (YTD) highs and risk assets like BTC and equities selling off as investors sought safety.

Stablecoins gained a decisive policy tail-wind, with the U.S. Senate passing the GENIUS Act (68-30). The policy push comes as total supply has climbed 22.5% over the past six months to over US$250B, with on-chain transfer volumes already topping US$20T.

The Fed held rates steady, but the updated dot plot turned more hawkish, with more officials now projecting fewer—or no—cuts in 2025. It also trimmed its 2025 GDP forecast to 1.4%, adding weight to the higher-for-longer narrative and capping any immediate risk rebound.