President Trump signs executive order to allow Bitcoin and crypto in 401(k)s.
Source: Finviz
🚨: China bans cryptocurrency for the 1000th time 👻😱🫂
Source: Barchart
Bitwise says "stablecoins are going parabolic"
Source: Bitwise
Solana $SOL beaking out from multi-weeks base?
SOL/USD
BofA launches new weekly periodical 'On Chain,' designed to "drill into the various facets of the fast-evolving digital assets ecosystem."
First call: Bullish ether $ETH Source: @matthew_sigel on X
Ether $ETH is finally moving: biggest ETF inflow on record
Source: zerohedge
The U.S. Senate has approved the GENIUS Act with an overwhelming bipartisan vote.
👉This marks the first time the Senate has ever cleared a major piece of crypto legislation after years in which key Democratic members blocked the advancement of such legislation. 👉The bill heads to the House of Representatives, where its next steps remain uncertain while leading lawmakers work out a strategy for passage. The overwhelming bipartisan passage of the U.S. Senate's hashtag#stablecoin bill, with a 68-30 final vote that saw a huge surge of Democrats joining their Republican counterparts on Tuesday, sets a new high-water mark of hashtag#crypto policy efforts in the U.S. as the legislation now heads to the House of Representatives. The major Democratic backing for the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act helps give it momentum as it lands in the other chamber, where House lawmakers can either vote on it as written or pursue changes that will require a final round in the Senate before it can head to President Donald Trump's desk. As written, the bill would set up guardrails around the approval and supervision of U.S. issuers of stablecoins, the dollar-based tokens such as the ones backed by Circle, Ripple and Tether. Firms making these digital assets available to U.S. users would have to meet stringent reserve demands, transparency requirements, money-laundering compliance and regulatory supervision that's also likely to include new capital rules. Source: coindesk
Cryptocurrency-related bills backed by US President Donald Trump failed to clear a key procedural step in the House of Representatives on Tuesday, despite the president’s public push for action.
Trump had urged Republican lawmakers to “get the first vote done this afternoon” on legislation to regulate payment stablecoins as part of a larger effort to pass crypto legislation before the August recess. In a Tuesday post on his social media platform Truth Social, Trump ordered all Republicans to vote yes on the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, a bill designed to regulate payment stablecoins in the US. House Speaker Mike Johnson reportedly said the chamber would take up another vote “this afternoon.”
