Senate Democrats are pushing for a provision that would prevent U.S. presidents from financially benefiting from stablecoins, including USD1.
The proposed amendments seek to regulate stablecoin issuers through a licensing system, require full reserve backing, and establish a clear regulatory framework for stablecoins in the United States. #BTCBreaksATH110K #GENIUSAct #MyEOSTrade
In the past 24 hours, liquidations totaled approximately $248.57 million. The largest individual liquidation occurred on a Bitcoin ($BTC) position on Bybit, valued at $1.97 million.
The Central Bank of Brazil is proposing new regulations that would prohibit the transfer of stablecoins abroad, limit their use within the country, and introduce taxes on transactions involving these digital assets. The primary aim of these measures is to enhance oversight and control over international payment flows.
Solana (SOL) has climbed back into the fifth spot on CoinMarketCap, surpassing Binance Coin (BNB) in market capitalization. The price of SOL recently broke past $180 ā its highest level since mid-February ā marking a significant recovery after dropping below $100 in April. Since the crypto market rally began on May 8, SOL has gained approximately 30%. Solanaās market cap has now exceeded $94 billion, helping it edge out BNB in the rankings. The tokenās all-time high of $294 occurred on January 19, coinciding with the launch of the TRUMP memecoin by Donald Trumpās team. Initially available only through decentralized exchanges (DEXs) on the Solana network, the TRUMP token may have contributed to increased demand for SOL due to its use in covering transaction fees.