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Xeyno
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Biden apparently wants to play with the markets one last time before leaving.
#BTC
#NasdaqCrash
Florentina Batte T1Ze
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Bearish
nasdaq crash will lead to 90 k $BTC
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Xeyno
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Fed chair saying that *entire regions of the United States* won’t be able to get a mortgage in the next decade barely registered as a news event #PowellRemarks
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The Federal Reserve and FDIC today rescinded two joint statements issued under the Biden administration on the risk management obligations of financial institutions should they offer crypto-related services. The move was the latest by Trump administration officials to roll back regulatory roadblocks for banks that wish to engage with digital assets. #CryptoStocks
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GENIUS Act: The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act is progressing through the US Senate. This bill aims to establish clear rules for collateralization and Anti-Money Laundering compliance, which could pave the way for greater institutional adoption. Circle's Public Debut: Circle recently made a strong debut on the New York Stock Exchange, with shares jumping 167% on its first trading day, indicating significant investor interest. Tether's Stance: In contrast, Tether, the issuer of the rival stablecoin USDT, has stated its intention to remain a private company for the foreseeable future. Bank Interest: Firms associated with major banks, including JPMorgan, Bank of America, Citigroup, and Wells Fargo, are reportedly exploring a joint stablecoin initiative. $USDC $BTC
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#GENIUSActPass Senate passes a landmark #stablecoin bill, signaling progress on #crypto regulation. With #USDC backed by $61B+ and broader adoption on the horizon, #stablecoins could soon power the internet’s money rails. Stablecoins have processed a massive $33 trillion in transaction volume over the past year, significantly surpassing traditional payment systems like PayPal and Visa. $USDC $USDP
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"Unfortunately, the GENIUS Act massively expands the marketplace for stablecoins while failing to address the basic national security risks posed by them," - Senator Elizabeth Warren, the ranking Democrat on the Senate Banking Committee. #GENIUSActPass
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