#USStablecoinBill #USStablecoinBill The U.S. Senate is gearing up to vote on groundbreaking legislation that could establish federal regulations for stablecoin issuers, marking a significant milestone in crypto regulation. This would be the first time the Senate considers a major cryptocurrency bill. Senate Majority Leader John Thune, a Republican from South Dakota, has initiated efforts to fast-track the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. This bill is the Senate's counterpart to similar legislation advancing in the House of Representatives. Thune’s move aims to minimize delays and expedite the process, though the exact date for the Senate vote remains uncertain. Notably, the Senate Banking Committee had already approved the bill with a strong bipartisan vote of 18-6, and the House Financial Services Committee advanced its version in April. “I look forward to passing the GENIUS Act in short order to keep digital asset innovation in America, protect customers, and ensure foreign companies play by the same rules,” said Senator Bill Hagerty, the Tennessee Republican who authored the bill. The legislation also has the support of Senator Tim Scott, chairman of the Senate Banking Committee. BTCUSDT Perp 94,125.3 -1.47% Bo Hines, executive director of the Presidential Council of Advisers for Digital Assets and a key figure in former President Donald Trump’s crypto initiatives, told CoinDesk that the Senate and House bills are approximately 90% aligned. Lawmakers are now working to reconcile the remaining differences. Hagerty announced plans to introduce an updated version of the bill, signaling progress toward finalizing the legislation. If passed, the GENIUS Act could solidify the U.S. as a leader in digital asset innovation while ensuring consumer protection and regulatory fairness. $BTC $ETH $XRP
#MarketPullback $ETH Long Liquidation Alert! $1.68K in longs liquidated at $1794.58 – Pressure from bears is rising! What’s Next for Ethereum (ETH)? This drop could lead to a deeper dip, but watch for a recovery if bulls step in fast. Buy Zone: $1770 – $1795 Target 1: $1835 Target 2: $1870 Stop Loss: $1750 The liquidation shows weakness, but strong support lies nearby. A bounce could follow if demand kicks in. Wait for confirmation before entry. Not financial advice – always do your own #MarketPullback $ETH
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#AltcoinETFsPostponed The U.S. Securities and Exchange Commission (SEC) has once again postponed decisions on several high-profile altcoin ETF applications, including those for **$SOL , $XRP , $HBAR AR, and $DOGE**, pushing new deadlines to **June**. Earlier delays on **$DOT** also remain in place. ### **Why the Delay?** The SEC’s reasoning? They need **“more time to evaluate rule changes.”** But many see this as classic regulatory stalling tactics. ### **When Can We Expect a Final Decision?** According to Bloomberg ETF analyst **James Seyffart**, these delays are procedural, with the **real deadlines likely extending to October 2025 or later**. ### **The Bigger Picture** Despite the setbacks, institutional interest in crypto ETFs is **growing rapidly**. Many experts still believe **approvals could come later this year**—especially if political or market pressures shift the SEC’s stance. **Bottom Line:** The SEC is playing for time, but the demand for crypto ETFs isn’t slowing down. **All eyes remain on the regulators.**
#Trump100Days Elon Musk Steps Away from DOGE and Trump’s Cabinet, Refocuses on Tesla In a move that surprised few but still made headlines, Elon Musk officially announced his departure from the U.S. Department of Government Efficiency (DOGE) and President Trump’s$TRUMP Cabinet during a meeting at the White House on April 30. After just over three months in his federal role, the Tesla CEO told the president and his team that his focus will shift almost entirely back to his companies starting in May.