#GENIUSActPass Crypto Update Today

1. **🇺🇸 U.S. Senate Passes GENIUS Act**

The Senate approved the bipartisan GENIUS Act (68–30) to regulate stable coins, requiring full asset backing and monthly disclosures, plus annual audits for major issuers .

Stable coin market cap has surged to $251.7 billion, up ~22% in 2025.

Critics note the bill skirts addressing President Trump’s crypto investments, and the House must now approve it.

2. **💻 Pro‑Israel Hackers Hit Iran’s Nobitex**

Hackers dubbed “Predatory Sparrow” allegedly stole over $90 million in BTC, ETH, DOGE from Iran’s IRGC-linked Nobitex, then “burned” the funds as a political move .

Part of broader cyber‑espionage targeting Iran, aligned with Iran‑Israel geopolitical tension.

3. **🏦 Major Banks Eye Crypto Investment**

Spanish bank BBVA suggests customers allocate 3–7% of portfolios to Bitcoin & Ethereum .

Alchemy’s CTO predicts most banks will soon launch their own stable coins following GENIUS Act .

4. **📈 BTC & Altcoin Market Pulse**