azali ahmed

#GENIUSAct 

UNITED STATES SENATE COMMITTEE ON

BANKING, HOUSING, AND URBAN AFFAIRS

NEWSROOM

MAJORITY PRESS RELEASES

APRIL 16, 2025

FACT SHEET: The GENIUS Act Protects Consumers

Washington, D.C. – Last month, the Senate Banking Committee advanced the bipartisan Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act out of the Senate Banking Committee by a vote of 18-6. The legislation, which is led by Senator Bill Hagerty (R-Tenn.) and co-sponsored by Chairman Tim Scott (R-S.C.), Senator Kirsten Gillibrand (D-N.Y.), Senator Cynthia Lummis (R-Wyo.), and Senator Angela Alsobrooks (D-Md.), earned the support of every Republican on the committee and five Democrats.

Here are the facts on how the GENIUS Act protects U.S. consumers:

At its core, the GENIUS Act is a consumer protection bill:

Payment stablecoins are a product already offered in the U.S. with little regulatory oversight.

This legislation establishes a first of its kind federal framework to regulate payment stablecoins that includes, among other things, robust reserve requirements to ensure payment stablecoins are not de-pegged and transparency into the reserves backing payment stablecoins.

The GENIUS Act establishes federal safeguards that protect stablecoin holders and enhance consumer confidence in the permitted payment stablecoin market, including requiring:

100% reserve backing with U.S. dollars and short-term Treasuries, or similarly liquid assets as determined by the primary regulator.

Monthly public disclosure of reserve composition.

Annual audited financial statements for issuers with more than $50 billion in market capitalization.

#blockchain
Digital currencies are treated like money but are mined like gold. Mining is simply the verification of the encryption process. People around the world transfer electronic currencies from wallet to wallet, while miners use computer processing power to maintain the "blockchain" database and verify these transactions.
The blockchain is essentially a list of transaction records, called encrypted blocks that are linked together. The blockchain continuously grows and is fully open to anyone. Each block in the blockchain contains:
1. The details of the sender and receiver and the amount of electronic currencies
2. The "hash", which is a unique fingerprint
3. The hash of the previous block in the chain
When a new block is created, it is sent to all users in the network. After that, each user verifies the block and then adds it to the blockchain.
Each of the digital currencies existing today has its own blockchain, and the complex calculations that lie at the heart of blockchain data are generated by computers. To conduct a transaction on the blockchain, you need an electronic wallet (or digital currency wallet).

$IQ dropped today

$BTC
BTC tokens can be traded on centralized cryptocurrency exchanges. The most popular exchange for buying and trading Bitcoin is Binance, where the trading volume for the most active pair BTC/USDT is $1,486,007,651 in the last 24 hours. The most popular alternatives include CoinW and BVOX. What is the daily trading volume for Bitcoin (BTC)?
The trading volume for Bitcoin (BTC) is $25,843,249,286 in the last 24 hours, which represents a 21.00% decrease from one day ago, indicating a recent decline in market activity. Take a look at CoinGecko's list of the top cryptocurrencies by volume.
All-time high and low price for Bitcoin (BTC)
Bitcoin (BTC) reached an all-time high of $108,786 and an all-time low of $67.81. It is currently trading 4.67% lower than its highest price and 152,834.00% higher than its lowest price.
The market capitalization of Bitcoin (BTC) is $2,062,316,029,821 and it is ranked #1 on CoinGecko today. Market capitalization is calculated by multiplying the price of the token by the trading volume of BTC tokens (20 million tokens traded in the market today).

#يتساءل of ordinary people: What is online trading? The opportunity for electronic trading has given anyone with a computer, enough money to open a trading account, and a good financial history the ability to trade electronically in the market. You do not need to have a personal broker or wealth; the fact of online trading does not require all these needs, and most analysts agree that the ability of ordinary people to conduct any online trading is not a sign of the industry's demise.

You can trade almost anything online: you can trade stocks, currencies, commodities, and cryptocurrencies among other financial assets - at this point, there is no need to worry about all these things. For now, keep in mind that if something can be traded, it will be traded.

Many people wonder: What is online trading? Electronic trading has given anyone with a computer, enough money to open a trading account, and a good financial history the ability to trade electronically in the market. You don't need to have a personal broker or wealth; the reality of online trading does not require all these needs, and most analysts agree that people's ability to conduct any online trading is not a sign of the industry's demise.

You can trade almost anything online: you can trade stocks, currencies, commodities, and cryptocurrencies among other financial assets - at this stage, there's no need to worry about all these things. For now, keep in mind that if something can be traded, it will be traded.

#BinancePizza Binance Free Pizza Party! We're celebrating Bitcoin Pizza Day, a day that marks the first real-world transaction using Bitcoin when Laszlo Hanyecz bought two pizzas for 10,000 BTC on May 22, 2010. Today, those pizzas would be worth over an EYE-WATERING $1,581,903,937 🤯 This iconic event in cryptocurrency history highlights the growth and adoption of Bitcoin over the years.

To celebrate, we'll be heading down to Wynyard Quarter and giving away over 400 slices of pizza, and the chance to get your hands on some very limited edition Bitcoin-themed pizza! There will also be fun games and heaps of Binance swag to be won.

Trust me, nothing's topping this! The #BinancePizzaDay is going to be EPIC 🍕

Key Details:

#CryptoRegulation Crypto regulations are the legal rules and guidelines that are present and issued by governments to shape how digital assets such as virtual currency operate. These laws have varied approaches across nations.

In the U.S., there are various states wherein some are friendly towards market participants embracing crypto with clear regulations, while others ban it outright.

Around 60 percent of U.S. citizens lack confidence in cryptocurrency trading or investment, considering the existing systems to be unreliable or unsafe. One primary reason for this distrust may be the absence of a single, consistent set of laws to regulate cryptocurrencies.

The existing regulations range from covering everything about how cryptocurrencies are to be created and traded to how they interact with traditional financial system

$BTC The current price of the Bitcoin asset is $103,140.07 per BTC. With a circulating supply of 19,864,512 BTC, the total market capitalization of the Bitcoin crypto is $2,049,037,851,219.74. The traded amount of the Bitcoin asset has decreased by $7,707,407,178.01 over the last 24 hours, representing a decrease of 15.41%. Furthermore, over the last 24 hours, $50,003,772,209.33 BTC have been traded.

#TrumpTariffs According to President Trump, “Tariff is the most beautiful word in the dictionary.” Throughout his presidential campaign, Trump promised to use tariffs as a central part of his foreign policy strategy. His America First Trade Policy memorandum also directs the administration to review various tariff- and tariff-adjacent levers the United States could use to further its new trade policy.

Reed Smith’s International Trade and National Security team tracks the latest threatened and implemented U.S. tariffs, as well as counter-tariffs from other countries around the world.

If viewing on a mobile device, rotate your screen for the best experience.

#TrumpTariffs According to President Trump, “Tariff is the most beautiful word in the dictionary.” Throughout his presidential campaign, Trump promised to use tariffs as a central part of his foreign policy strategy. His America First Trade Policy memorandum also directs the administration to review various tariff- and tariff-adjacent levers the United States could use to further its new trade policy.

Reed Smith’s International Trade and National Security team tracks the latest threatened and implemented U.S. tariffs, as well as counter-tariffs from other countries around the world.

If viewing on a mobile device, rotate your screen for the best experience.

#CryptoCPIWatch The bellwether cryptocurrency Bitcoin (BTC) recently touched $105,700 before retreating by 3 per cent, indicating potential profit-taking near the $106,000 resistance level, a zone where long-term holders may be looking to exit. The pullback in the flagship currency coincided with broader macroeconomic shifts, including a strengthening US dollar index and renewed optimism around the US–China trade deal, which boosted equities and encouraged profit booking in crypto.

 

The $100K mark, analysts said, remains a critical psychological and liquidation level, with over $3.4 billion in long positions exposed to downside risk if selling pressure continues.

 

As of 10:44 AM on Tuesday, May 13, Bitcoin was trading at $102,662.30, down 1.19 per cent on CoinMarketCap. Over the past 24 hours, it fluctuated between $100,814.40 and $105,747.45, with a trading volume of $64.27 billion. Its market capitalisation stood at $2.16 trillion, maintaining its lead as the most valuable cryptocurrency

$BTC (Bitcoin) is the most popular digital currency and the first in terms of market capitalization and trading volumes in the world.

The US Dollar (USD, “Greenback”) - the most traded currency in the world, issued by the Federal Reserve System.

It is considered the most popular reserve currency held by central banks, financial institutions, and private investors.
It is often seen as a "safe haven" during times of turmoil due to the globally recognized reliability of the US economy.
It is used as a standard unit of payment for commodity markets.
The BTCUSD pair is the most traded cryptocurrency pair in the world. Bitcoin is one of the most influential cryptocurrencies, while the US Dollar is the pricing currency. This pair provides the number of dollars needed to trade BTCUSD.

#CryptoCPIWatch The crypto market is highly sensitive to inflation trends, and the latest CPI report will play a crucial role in shaping sentiment.

A lower-than-expected CPI inflation data reading would suggest cooling inflation, raising the likelihood of Federal Reserve rate cuts—a bullish signal for Bitcoin and altcoins.

If the inflation rate remains high, markets may fear prolonged monetary tightening, which could put pressure on speculative assets.

“This could be a strong catalyst for the bull market,” said financial podcaster Brian Rose. “Small caps and crypto could start pumping if the inflation numbers come in positive.”

Currently, the Crypto Fear and Greed Index stands at 34 (Fear territory)—a notable improvement from yesterday’s Extreme Fear level of 20.

Read more on DailyCoin: https://dailycoin.com/cpi-inflation-data-what-it-means-for-crypto-market/

#CryptoCPIWatch The crypto market is highly sensitive to inflation trends, and the latest CPI report will play a crucial role in shaping sentiment.

A lower-than-expected CPI inflation data reading would suggest cooling inflation, raising the likelihood of Federal Reserve rate cuts—a bullish signal for Bitcoin and altcoins.

If the inflation rate remains high, markets may fear prolonged monetary tightening, which could put pressure on speculative assets.

“This could be a strong catalyst for the bull market,” said financial podcaster Brian Rose. “Small caps and crypto could start pumping if the inflation numbers come in positive.”

Currently, the Crypto Fear and Greed Index stands at 34 (Fear territory)—a notable improvement from yesterday’s Extreme Fear level of 20.

Read more on DailyCoin: https://dailycoin.com/cpi-inflation-data-what-it-means-for-crypto-market/

$BTC
The trading hours for Bitcoin/USD are the times when investors can buy and sell Bitcoin/USD cryptocurrency pairs. The Bitcoin/USD pair is traded on multiple exchanges around the world. This means that investors have many different opportunities to trade Bitcoin/USD during various trading hours. Depending on where you live, you may be able to trade Bitcoin/USD at any time throughout the day or night. For those looking to take advantage of these opportunities, it is important to know when the trading hours for Bitcoin/USD start and end.

#TradeWarEases Fitch Ratings-London-08 May 2025: Emerging-market (EM) issuers are variously exposed to direct and indirect impacts from the global trade war, Fitch Ratings says in a new report. Credit pressures may become most evident in EMs where tariff effects combine with aggravating factors or add to pre-existing pressures, even if direct US tariff exposures are small.

APAC’s high trade openness and exposure to US demand leave it particularly exposed to direct tariff risks, but all regions will be affected, with Fitch expecting global growth to fall below 2% this year. We forecast Chinese growth to be below 4% this year and next, and US growth to slow to a crawl over 2025.

#ETHCrossed2500 Ethereum Price Forecast: ETH eyes recovery above $2,500 and $2,850 key levels
Ethereum saw $364 million in futures liquidations in the past 24 hours, per Coinglass data. The total amount of liquidated long and short positions is $158.74 million and $205.61 million, respectively.
Since the crypto market rally on Thursday, ETH jumped nearly 30% from $1,800 to test the $2,500 key resistance — strengthened by the 100-week Simple Moving Average (SMA) — before seeing a rejection. ETH has to clear the $2,500 and $2,850 key resistance levels to stage a major recovery toward the upper boundary of a key congestion pattern. The top altcoin could see a short-term correction near these levels if its uptrend continues.

#AltcoinSeasonLoading Altcoin Season Index

The Altcoin Season Index is used to measure the performance of cryptocurrencies that are not linked to Bitcoin (i.e., altcoins) in the cryptocurrency market. This index helps investors understand how well altcoins are performing compared to Bitcoin over a specific period, providing insights into market trends and investment opportunities.

What is Altcoin Season?

The term "Altcoin Season" refers to a period during which other cryptocurrencies, such as Ethereum, Ripple, and Litecoin, perform exceptionally well. During this period, the price increases of these altcoins may surpass those of Bitcoin, attracting significant interest and capital from investors.

$XRP XRP price found support at $2.120 and started a fresh increase. The price is now gaining pace and might clear the $2.350 resistance zone.

XRP price started a fresh increase above the $2.150 zone.

The price is now trading above $2.150 and the 100-hourly Simple Moving Average.

There is a steep bullish trend line forming with support at $2.30 on the hourly chart of the XRP/USD pair (data source from Kraken).

The pair might start another increase if there is a close above the $2.350 resistance