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#GENIUSActPass The GENIUS Act, or Guiding and Establishing National Innovation for US Stablecoins Act, has passed the US Senate with a 68-30 vote, marking a significant step towards regulating stablecoins in the United States. Here's what's next ¹: - *Key Provisions*: - *Stablecoin Backing*: Requires stablecoin issuers to hold cash and/or Treasury securities reserves. - *Audits*: Mandates annual audits for issuers with over $50 billion in market capitalization. - *AML/ATF Compliance*: Requires compliance with anti-money laundering and anti-terrorism financing standards. - *Super-Priority in Bankruptcy*: Gives stablecoin holders priority over other creditors in bankruptcy proceedings. *What's Next?* The GENIUS Act now moves to the House of Representatives, where it may face reconciliation with the STABLE Act, a competing bill. If passed, the GENIUS Act will establish a comprehensive federal framework for fiat-backed stablecoins, potentially paving the way for increased adoption and innovation in the digital finance space ² ¹. *Impact* The GENIUS Act's passage could have significant implications for the stablecoin market, potentially driving growth and increasing demand for US Treasury bonds. Analysts predict purchases of $1.6 trillion in T-bills over four years, solidifying the dollar's dominance in the global crypto market ³.

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$USDC USDC, or USD Coin, is a stable digital dollar designed for fast, low-cost, and global blockchain transactions. Here's what you need to know ¹: - *Current Price*: $1.00, with a 0.01% decrease in the last 24 hours - *Market Cap*: $61.65 billion - *Backing*: Fully reserved by cash and cash equivalents, with 1:1 redeemability with US dollars - *Usage*: Enables peer-to-peer transfers, cross-border remittances, payments, savings, and DeFi trading *Key Features:* - *Fast and Low-Cost Transactions*: USDC settles transactions in seconds or minutes, compared to traditional payments that take several business days - *Global Accessibility*: Available in over 180 countries, 24/7 - *Stable Value*: Fully reserved and redeemable 1:1 for US dollars - *Regulatory Compliance*: Adheres to stringent US regulatory standards *Where to Buy USDC:* - *Binance*: Offers USDC trading with low fees and other tools for digital asset management - *Coinbase*: Allows users to purchase USDC by depositing fiat currency via bank transfer or card - *(link unavailable)*: Enables users to buy USDC ² ¹ USDC is widely accepted on over 100 cryptocurrency exchanges and natively issued on more than 15 blockchain networks, making it a trusted option for both decentralized finance (DeFi) and traditional markets ³.

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#FOMCMeeting The FOMC meeting is happening now, June 17-18, 2025, and here's what you need to know ¹: - *Meeting Schedule*: The Federal Open Market Committee (FOMC) meets eight times a year, approximately every six weeks, to determine the course of monetary policy. - *Interest Rate Decision*: The FOMC is expected to keep interest rates unchanged in the 4.25-4.50% range, with traders pricing in a 99.9% probability of no rate change. - *Summary of Economic Projections (SEP)*: The FOMC will release its SEP, also known as the "dot plot," which summarizes what each member expects monetary policy to be going forward. - *Press Conference*: Fed Chair Jerome Powell will hold a press conference at 2:30 pm ET on June 18 to provide insights into the FOMC's decision and the current economic outlook. *Key Discussion Points:* - *Inflation*: The FOMC will likely discuss the current inflation trend and its impact on monetary policy. - *Economic Growth*: The committee will assess the state of economic growth and its implications for interest rates. - *Tariffs and Trade*: The FOMC may also discuss the impact of tariffs and trade negotiations on the economy. *Market Impact:* - *Rate Cuts*: While the FOMC is not expected to cut rates in June, traders are pricing in potential rate cuts in future meetings, with some expecting cuts as early as September or October. - *Market Volatility*: The FOMC's decision and Powell's press conference may impact market volatility, particularly given the current economic uncertainty ¹ ².

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#VietnamCryptoPolicy Vietnam's cryptocurrency policy has undergone significant developments recently. Here's what you need to know ¹ ²: - *Legal Recognition*: Vietnam has officially recognized digital assets, including cryptocurrencies, through the Law on Digital Technology Industry, passed on June 14, 2025. This law takes effect on January 1, 2026. - *Classification*: The law categorizes digital assets into two types: - *Virtual Assets*: Digital assets used for exchange or investment. - *Crypto Assets*: Digital assets that rely on encryption technology to validate transactions and ownership, such as Bitcoin and Ethereum. - *Regulatory Framework*: The Vietnamese government will develop guidelines for digital asset management, including licensing requirements, compliance protocols, and anti-money laundering (AML) standards. - *AML and Cybersecurity*: The law emphasizes the importance of cybersecurity and compliance with international AML requirements to prevent illicit activities. - *Taxation*: While there's no clear tax law on cryptocurrency, the Ministry of Finance previously stated that buying and selling digital currencies is subject to value-added tax (VAT) and corporate income tax (CIT). *Current Status* - *Ownership*: Owning cryptocurrency is not illegal in Vietnam, but using it as a payment method is prohibited. - *Trading*: Cryptocurrency trading is allowed, but it's subject to AML regulations and requires exchanges to collect and verify identities, report suspicious transactions, and keep detailed records. - *Adoption*: Vietnam has one of the highest cryptocurrency adoption rates globally, ranking fifth in 2024 according to Chainalysis. *Future Outlook* - *Regulatory Clarity*: The new law aims to provide clarity on digital asset classification, management, and business conditions, which may boost investor confidence and adoption. - *Industry Growth*: Vietnam's recognition of digital assets and establishment of a regulatory framework may attract more investment and innovation in the cryptocurrency industry ³.

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