#CryptoMarket4T
🚀The market value of cryptocurrencies exceeds 4 trillion dollars 💰
👇Trump signs the GENIUS stablecoin act 🚀
✅- President Trump has signed the GENIUS stablecoin act into law, marking the first major legislation on cryptocurrencies 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 equivalent 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 is now approximately 3.94 trillion dollars, according to CoinGecko data.
💰*Acquisitions and developments in the cryptocurrency industry 🚀*
✅- The decentralized exchange dYdX acquired the Pocket Protector social trading platform for cryptocurrencies.
✅- Thumzup Media, backed by Donald Trump Jr., received approval from its board to hold up to 250 million dollars in crypto assets.
🌟*Regulatory preferences for symbolic bank deposits 📈*
✅- Non-American regulators seem to prefer symbolic bank deposits over stablecoins, according to a new report from JP Morgan.
