The popularity of stablecoins continues to grow steadily, but this trend does not necessarily imply a proportional increase in their total market capitalization. This was reported by The Block, citing analysts from JPMorgan.
The U.S. Treasury Department has begun implementing the GENIUS Act. The regulator issued its first notice and urged market participants to provide feedback within 60 days.
The U.S. Department of the Treasury has taken an important step toward regulating stablecoins by initiating the first official implementation process under the GENIUS Act. The Department announced the release of a Notice of Proposed Rulemaking (NPRM) to establish the framework of this law.
CryptoQuant researcher Burak Keçmeçi reminded that on July 18, 2025, the U.S. Congress passed the GENIUS Act — the first federal regulation governing the circulation of payment stablecoins in the United States.
The GENIUS Act has drawn a line between interest-bearing stablecoins and stablecoins used for payments. This move brings U.S. legislation closer to the EU's MiCA crypto regulation, creating a shared international foundation for crypto asset oversight, according to Fabian Dori.
Tether will legally offer its USDT stablecoin in the United States under a program for foreign issuers in accordance with the GENIUS Act, signed by Donald Trump on Friday.
President Donald Trump signed the GENIUS Act just one day after it passed the House of Representatives with a 306–122 vote.
Still, the world’s largest cryptocurrency is on track for a fourth consecutive weekly gain, while altcoins jumped sharply after the US House of Representatives passed three bills aimed at creating a better regulatory framework for crypto.
Bitcoin climbed above $120,000 during Asian trading on Friday, heading for its fourth consecutive week of gains after the US House of Representatives passed three bills aimed at improving the regulatory framework for cryptocurrencies.
Three bills included in the Republican crypto agenda have gained bipartisan support, despite opposition from Democrats who voiced concerns about potential corruption risks and conflicts of interest.
The US House of Representatives overcame a key procedural hurdle on Wednesday for several cryptocurrency bills, setting the stage for their likely approval following intervention by President Donald Trump, who revived the initiative.
Bitcoin remained stable on Wednesday after pulling back from record highs as investors watched the progress of key U.S. cryptocurrency bills following an initial setback in the House of Representatives.
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