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Isabella Z
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BREAK 🚀: Stablecoins now represent 1.1% of the total U.S. dollar supply through tokenization.
#Stablecoins
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Isabella Z
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🚨 20 MAY 2025 – CRYPTO UPDATE 📊 PRICES: ₿ BTC: $106K ⬆️ Ξ ETH: $2.56K ⬆️ SOL: $170 ⬆️ DOGE: $0.22 ⬆️ XRP: $2.40 ⬆️ 📰 HIGHLIGHTS: • BTC WHALE DEMAND SURGING • ETH EYES $3K BREAKOUT • JPMORGAN ENABLES BTC BUYS • SENATE MOVES ON STABLECOINS • XRP FUTURES HIT $15M ON CME 🔥 VIBE: INSTITUTIONS + POLICY = BULL MODE ON
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🚨 👉 The India Supreme Court has indicated that cryptocurrency should be regulated rather than outright banned. While acknowledging that lawmaking falls under the domain of the legislature and executive, the Court has repeatedly urged the government to establish a clear regulatory framework for virtual currencies. The Court has expressed concerns about the unregulated nature of cryptocurrencies, likening Bitcoin trading to "hawala" (an informal and illegal money transfer system) and highlighting potential risks to the economy. However, it also noted that banning cryptocurrencies might not be wise, given their growing role in global trade and the fact that crypto transactions are already taxed in India. The Supreme Court has emphasized the need for expert consultation and a comprehensive policy to oversee and monitor the evolving crypto landscape.
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🚨BREAKING 💥 EUR/USD CLIMBS AS DOLLAR DIPS 🇺🇸 FED CUT DELAYED → SEPT 📉 USD WEAKNESS FROM MOODY’S DOWNGRADE & TRUMP vs POWELL 📈 EUR/USD EYES 1.1380 AFTER TESTING 1.13
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JUST IN: 🇺🇸 Senator Bill Hagerty says crypto "stablecoin issuers will be the largest holders of US treasuries in the world."
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The US Senate has not yet passed the GENIUS stablecoin bill. However, the Senate recently passed a crucial procedural vote (66-32) on the "Guiding and Establishing National Innovation for U.S. Stablecoins" (GENIUS) Act. This vote cleared a legislative hurdle, allowing the bill to proceed to a final vote, which could happen as soon as this week. The legislation aims to create a comprehensive regulatory framework for dollar-pegged stablecoins, including reserve requirements, anti-money laundering provisions, and consumer protections. While it signifies a significant step forward for crypto regulation, the bill still needs a simple majority to pass the full Senate and then must be reconciled with a similar House bill before becoming law. #Stablecoins $USDC
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