Top News:
1. GENIUS Act becomes law:
⢠President Trump signed the GENIUS Act on JulyâŻ18, 2025 as the first federal framework for stablecoins, with reserve backing requirements, monthly audits, and antiâmoneyâlaundering regulation.
⢠Trump declared it the "breakthrough for American dominance of global finance and crypto technology," topping the soâcalled "Crypto Week."
2. Crypto market cap surges past $4âŻtrillion:
⢠The world crypto market exceeded $4 trillion with the passage of the GENIUS Act.
⢠Bitcoin reached an allâtime high at about $123k, Ether surged (+20% this week to $3,500 - 3,700) and most leading altcoins are in the black.
3. Three bills on crypto move forward:
⢠Two other acts, the Digital Asset Market Clarity Act and the AntiâCBDC Surveillance State Act, were also passed by the House along with the GENIUS Act.
⢠They seek to characterize regulatory clarity and ban a Federal Reserve central bank digital currency (CBDC). All are currently sitting in wait on Senate action.
4. Large banks look to stablecoins:
⢠In the wake of the new stablecoin legislation, large U.S. banks such as Bank of America, Morgan Stanley, Citigroup, and JPMorgan are gearing up or exploring stablecoin issuance.
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