🚨Latest News🚨
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Main News:
1. The GENIUS Act Becomes Law:
• President Trump signed the GENIUS Act on July 18, 2025, as the first federal framework for stablecoins, with reserve requirements, monthly audits, and anti-money laundering regulations.
• Trump called it a "breakthrough for America's dominance in global finance and crypto technology," outshining the so-called "Crypto Week."
2. Crypto Market Capitalization Surges Past $4 Trillion:
• The global crypto market surpassed $4 trillion with the passage of the GENIUS Act.
• Bitcoin reached an all-time high of around $123k, Ether surged (+20% this week to $3,500 - 3,700), and most leading altcoins are in positive territory.
3. Three Crypto Bills Move Forward:
• Two other bills, the Digital Asset Market Clarity Act and the Anti-CBDC State Oversight Act, were also passed by the House of Representatives along with the GENIUS Act.
• They aim to provide regulatory clarity and ban Central Bank Digital Currencies (CBDC) from the Federal Reserve. All are currently awaiting Senate action.
4. Big Banks Eye Stablecoins:
• Following the new stablecoin legislation, major US banks like Bank of America, Morgan Stanley, Citigroup, and JPMorgan are preparing for or exploring stablecoin issuance.
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