#CryptoMarket4T 🚀The market value of cryptocurrencies exceeds 4 trillion dollars 💰
👇Trump signs the GENIUS stablecoin bill 🚀
✅- President Trump signed the GENIUS stablecoin bill into law, marking the first major cryptocurrency legislation to receive Congressional approval and reach the White House.
✅- The bill establishes a federal regulatory framework for stablecoins, requiring that stablecoins be fully backed by the US dollar or its equivalent in liquid currencies.
💰The market value of cryptocurrencies exceeds 4 trillion dollars 💥
✅- The global market value of cryptocurrencies surpassed 4 trillion dollars on Thursday for the first time ever.
- It now stands at approximately 3.94 trillion dollars, according to CoinGecko data.
💰*Acquisitions and developments in the cryptocurrency industry 🚀*
✅- The decentralized exchange dYdX has acquired the cryptocurrency social trading platform Pocket Protector.
✅- Thumzup Media, backed by Donald Trump Jr., received its board's approval to hold up to 250 million dollars in crypto assets.
🌟*Regulators' preferences for symbolic bank deposits 📈*
✅- Non-US regulators seem to prefer symbolic bank deposits over stablecoins, according to a new report from JP Morgan.
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