Trump Signs GENIUS Act, Marking Major Crypto Legislative Progress
- US President Donald Trump signed the GENIUS Act, focused on stablecoins, during a ceremony with notable crypto executives.
- A Bitget Wallet survey found that 36% of Gen Z users spend crypto daily, while 40% of Gen X use it for high-value purchases.
- Dave Portnoy expressed regret over selling his XRP before its price surged to $3.60, marking a 19.61% increase in just one day.
- A Bitcoin whale transferred a total of $9.6 billion worth of Bitcoin to Galaxy Digital within four days.
- The total cryptocurrency market cap reached $3.85 trillion, with Bitcoin priced at $118,281 and Ether at $3,553.
The signing of the GENIUS Act could pave the way for broader adoption of cryptocurrencies and stablecoins in the US financial system, reflecting increasing interest across different demographics in using digital assets for everyday transactions.
With Bitcoin’s recent whale activity and significant market cap growth, the landscape for cryptocurrencies continues to evolve rapidly as mainstream acceptance increases.(Source)
