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The Latest Hot News in Crypto – May 2025
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#USStablecoinBill Stablecoin is a ‘digital representation’ of the ‘dollar in your pocket’: Joshua Rosner ‘These are the Plunderers’ co-author Joshua Rosner clarifies a ‘false talking point’ about PayPal Stablecoin on ‘Making Money’ and unpacks how private equity negatively impacts the middle-class and poor. Sen. Bill Hagerty, R-Tenn., recently got the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act regulating stablecoin "hotlined" for a quicker Senate vote process, just as Democrats began raising both political and policy concerns about the legislation they previously supported. "The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) creates a strong, forward-looking regulatory framework to modernize our payment systems and affirms the dominance of the U.S. dollar," Hagerty told Fox News Digital on Monday, estimating stablecoins in circulation to amount to $243 billion. "I’m eager to see it passed soon to ensure digital asset innovation thrives in America, customers are protected, and foreign companies are held to the same standards," he said. However, Hagerty was also critical of Democrats – some of whom splintered after originally supporting the legislation in March – while its Republican co-sponsors, Sens. Tim Scott of South Carolina and Cynthia Lummis of Wyoming, remain on board.
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#MarketPullback The Bitcoin price appeared to have reached its top in this current cycle, embarking on a downward trend after notching a new all-time high of $108,786 at the beginning of the year. The story seems to be changing again for the premier cryptocurrency, as it builds on recent bullish momentum and looks to reclaim the $100,000 level. $BTC
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Breaking NFT sales jump 22% to $BNB
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Breakthrough Projects Dominate: The 3 Best Altcoins to Buy for May 2025
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Ethereum Spot ETFs Show No Net Movement on May 5
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