#stablecoin framework

[10bmnews]

India Needs A Stablecoin-First Crypto Policy, Say Industry Experts

Last Updated:June 08, 2025, 16:22 IST The U.S. GENIUS Act regulates stablecoins as distinct financial instruments. Indian experts suggest India adopt a similar framework for INR-backed stablecoins. The recent developments in the GENIUS Act has brought the US one step closer to regulating the $250 billion stablecoin market. As the U.S. takes a major step toward regulating stablecoins with the…

[follow-up-news]

After weeks of stops and starts, Senate Republicans teamed up with a bloc of Democrats on Tuesday to pass a landmark cryptocurrency bill that would establish the first regulatory framework for issuers of stablecoins. The vote on the GENIUS Act was 68-30, with 18 Democrats joining most Republicans in favor.

[pscottm]

Crypto’s New Bailout Fund: Your Savings Account

After a flood of crypto industry campaign cash, the U.S. Senate is poised to pass a financial deregulation bill ensuring that when a bank goes out of business, the savings of cryptocurrency owners would be made whole before those of other bank customers.

During a bank collapse, the language buried deep in the bill could effectively require financial institutions to drain money from regular depositors’ savings and checking accounts and give it to cryptocurrency investors to reduce those investors’ losses.

The Senate legislation, known as the GENIUS Act, aims to establish a light-touch legal framework to allow banking and nonbanking institutions, such as cryptocurrency exchanges and even social media companies, to issue a form of cryptocurrency called stablecoins. The bill comes after pro-crypto interests spent at least $4 million since January lobbying Congress, the White House, and regulators on the bill and other matters, disclosures show.

Included in the legislation is a provision declaring that if a bank goes bankrupt or becomes insolvent, “the claim of a person holding payment stablecoins issued by the payment stablecoin issuer shall have priority over all other claims against the payment stablecoin issuer.”

According to Georgetown Law professor Adam Levitin, who specializes in financial regulation, this essentially means that “if a bank custodian for a stablecoin issuer’s reserves ends up insolvent, the claims of the stablecoin investors will come ahead of the bank depositors.”

[fabiopempy]

Citigroup Predicts Stablecoin Market To Grow By $1.6 Trillion By 2030 – Details

American banking giant Citigroup has shared a highly bullish forecast of the stablecoin market in its latest market perspective report. Alongside this intriguing insight, Citigroup has also highlighted potential hurdles and roadblocks for these fiat-peg virtual assets. US Regulatory Framework To Spur Stablecoin Growth In a market report released last week, Citigroup is backing the stablecoin

Read More: You won't believe what happens next... Click here!

[nexvoltfinanceacademy]

Market Shockwaves! G7 Crypto Rules Hit - Is NEXVOLT Finance Academy Predicting the Fallout?

FLASH REPORT: G7 Announces Coordinated Stablecoin Reserve Framework – Crypto Markets React Instantly.

Data Points (Immediate Impact - Approx.):

BTC: Sharp dip, briefly testing sub-$65,000 levels before partial recovery. Increase in exchange volume noted.

Major Stablecoins (USDC, EURT): Temporary spike in redemption requests; minor deviations from $1/€1 peg observed on some DEXs (Decentralized Exchanges) before stabilizing. Trading volume up ~15% in the hour following the announcement.

DeFi Tokens: Select protocols heavily reliant on affected stablecoins saw ~5-8% drops as liquidity providers reassessed positions.

Analysis: Today's surprise G7 announcement outlines stricter, unified reserve requirements for major stablecoin issuers operating within member jurisdictions. The proposed rules mandate higher percentages of cash and short-term government debt, reducing reliance on commercial paper.

The market's knee-jerk reaction highlights extreme sensitivity to regulatory developments from major economic blocs. The speed of the BTC dip and stablecoin volume surge underscores how quickly capital shifts based on perceived regulatory risk. Understanding the nuances of such policies and their immediate financial implications is critical for navigating this space – a skill emphasized by educational platforms like NEXVOLT Finance Academy.

While traditional markets saw minor moves (e.g., Capital Investment Trust Corp stock up slightly on unrelated news), the crypto sphere experienced significant, policy-driven volatility. This demonstrates the unique impact profile of geopolitical and regulatory actions on digital assets. Staying informed via resources potentially offered by NEXVOLT Finance Academy could be crucial for risk management.

Outlook: Expect continued volatility as the market digests the full text and potential implementation timelines. Focus shifts to issuer responses and potential impacts on DeFi liquidity pools.

Stay informed on policy impacts: https://www.nxvvj.com/#/home

[ofuyc]

In-Depth Analysis by OFUYC of MiCA Regulation and the Global Impact of Traditional Financial Institutions Entering the Digital Currency Space

On January 16, 2025, the European Union officially implemented the Markets in Crypto-Assets Regulation (MiCA), marking a significant milestone in the journey of the global cryptocurrency industry toward compliance. At the same time, traditional financial institutions are actively embracing digital assets. On January 14, the ItalianIntesa Sanpaolo Bank purchased €1 million worth of Bitcoin, drawing widespread attention across the industry. As a global leader in digital currency trading platforms, OFUYC Exchange has keenly observed the profound implications behind these events: MiCA establishes a unified legal framework for the EU, effectively reducing investment risks while enhancing market transparency. Meanwhile, the active participation of traditional finance is accelerating the establishment of cryptocurrencies as a key player in the global mainstream asset landscape.

Regulation and Market Dual Drivers: Insights of OFUYC into the New Industry Landscape

Compliance has always been a core competitive advantage of OFUYC Exchange. While continuously improving and exploring new-era cryptocurrency compliance frameworks, the platform remains attuned to global regulatory trends. The implementation of MiCA and the growing interest of traditional banks in Bitcoin have undoubtedly injected new vitality into the crypto asset market, creating more investment and innovation opportunities for all Web 3.0 participants. From regulation to investment, and from technology upgrades to enhanced user experiences, this trend reaffirms the mission of cryptocurrency exchanges: to provide a solid foundation for the industry growth.

Global Unified Regulation Begins: OFUYC Analyzes the New Landscape of the Digital Currency Market

With the implementation of MiCA, the EU has taken the lead in establishing a unified legal framework for the cryptocurrency market. This initiative aims to promote market transparency, strengthen user protection, and effectively curb illegal activities and speculative behavior. It marks a shift from fragmented to systematic regulation in the cryptocurrency space, with far-reaching implications for the global financial system. OFUYC believes that setting standardized guidelines for the digital currency industry will effectively attract more traditional enterprises and capital, providing long-term stability for the market.

At the same time, Intesa Sanpaolo Bank announcing its first Bitcoin purchase represents a significant breakthrough in the exploration by traditional banks of the digital currency sector. OFUYC analysts reveal that this event reflects the recognition by traditional financial institutions of blockchain technology and the value of crypto assets. It may also encourage more similar institutions to enter this emerging field. This development will have a significant impact on the volatility and liquidity of Bitcoin and the broader cryptocurrency market, while also creating opportunities in the financial derivatives sector. Stablecoins and other tokenized assets are likely to become critical bridges connecting traditional finance and the crypto market. The strengths of OFUYC in compliance and operational depth are expected to stand out even further in this context.

Technological Innovation and Global Expansion: OFUYC Drives Industry Growth

Under the impetus of MiCA, the cryptocurrency market is placing greater emphasis on compliance operations and technological innovation. OFUYC Exchange states that emerging regulatory frameworks provide enterprises with clearer action guidelines, especially in terms of market expansion and service quality improvement, offering more opportunities for exchanges. Leveraging a high-performance matching engine and precise risk control systems, OFUYC creates an exceptional trading experience for users while ensuring compliance with regulatory frameworks and mitigating potential financial risks. This comprehensive advantage will help the platform further earn user trust and attract more traditional investors to participate.

Moreover, the compliance-oriented operational model enables OFUYC to strategically enter previously ambiguous markets, such as Latin America and Southeast Asia. These emerging markets have seen rapid growth in cryptocurrency adoption in recent years but have long been constrained by security vulnerabilities and insufficient regulation. By focusing on a business model centered on compliance and innovation, OFUYC effectively addresses user concerns, establishes industry standards, and helps these markets build a more robust digital currency ecosystem.

Global Strategy and Industry Predictions of OFUYC

OFUYC believes that the digital asset market will experience two key trends in the coming years:

The standardization of markets driven by MiCA will inspire similar regulatory measures in other regions, bringing further stability to the industry.

The deep integration of traditional financial institutions with the digital currency market will become a normalized phenomenon.

OFUYC will focus its future strategic layout on continuously optimizing compliance frameworks and technical services, enhancing trading stability, and promoting the integration of blockchain technology with mainstream financial infrastructures on a global scale. With more precise technology, a more extensive service network, and more robust compliance practices, OFUYC aims to provide comprehensive growth opportunities for both its users and the industry.

[trump-executive-orders]

Strengthening American Leadership in Digital Financial Technology

Issued January 23, 2025.

By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote United States leadership in digital assets and financial technology while protecting economic liberty, it is hereby ordered as follows:

Section 1. Purpose and Policies. (a) The digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our Nation's international leadership. It is therefore the policy of my Administration to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy, including by:

(i) protecting and promoting the ability of individual citizens and private-sector entities alike to access and use for lawful purposes open public blockchain networks without persecution, including the ability to develop and deploy software, to participate in mining and validating, to transact with other persons without unlawful censorship, and to maintain self-custody of digital assets;

(ii) promoting and protecting the sovereignty of the United States dollar, including through actions to promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide;

(iii) protecting and promoting fair and open access to banking services for all law-abiding individual citizens and private-sector entities alike;

(iv) providing regulatory clarity and certainty built on technology-neutral regulations, frameworks that account for emerging technologies, transparent decision making, and well-defined jurisdictional regulatory boundaries, all of which are essential to supporting a vibrant and inclusive digital economy and innovation in digital assets, permissionless blockchains, and distributed ledger technologies; and

(v) taking measures to protect Americans from the risks of Central Bank Digital Currencies (CBDCs), which threaten the stability of the financial system, individual privacy, and the sovereignty of the United States, including by prohibiting the establishment, issuance, circulation, and use of a CBDC within the jurisdiction of the United States.

Sec. 2. Definitions. (a) For the purpose of this order, the term "digital asset" refers to any digital representation of value that is recorded on a distributed ledger, including cryptocurrencies, digital tokens, and stablecoins.

(b) The term "blockchain" means any technology where data is:

(i) shared across a network to create a public ledger of verified transactions or information among network participants;

(ii) linked using cryptography to maintain the integrity of the public ledger and to execute other functions;

(iii) distributed among network participants in an automated fashion to concurrently update network participants on the state of the public ledger and any other functions; and

(iv) composed of source code that is publicly available.

(c) "Central Bank Digital Currency" means a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank.

Sec. 3. Revocation of Executive Order 14067 and Department of the Treasury Framework of July 7, 2022. (a) Executive Order 14067 of March 9, 2022 (Ensuring Responsible Development of Digital Assets) is hereby revoked.

(b) The Secretary of the Treasury is directed to immediately revoke the Department of the Treasury's "Framework for International Engagement on Digital Assets," issued on July 7, 2022.

(c) All policies, directives, and guidance issued pursuant to Executive Order 14067 and the Department of the Treasury's Framework for International Engagement on Digital Assets are hereby rescinded or shall be rescinded by the Secretary of the Treasury, as appropriate, to the extent they are inconsistent with the provisions of this order.

(d) The Secretary of the Treasury shall take all appropriate measures to ensure compliance with the policies set forth in this order.

Sec. 4. Establishment of the President's Working Group on Digital Asset Markets. (a) There is hereby established within the National Economic Council the President's Working Group on Digital Asset Markets (Working Group). The Working Group shall be chaired by the Special Advisor for AI and Crypto (Chair). In addition to the Chair, the Working Group shall include the following officials, or their designees:

(i) the Secretary of the Treasury;

(ii) the Attorney General;

(iii) the Secretary of Commerce;

(iv) the Secretary of Homeland Security;

(v) the Director of the Office of Management and Budget;

(vi) the Assistant to the President for National Security Affairs:

(vii) the Assistant to the President for National Economic Policy (APEP);

(viii) the Assistant to the President for Science and Technology;

(ix) the Homeland Security Advisor;

(x) the Chairman of the Securities and Exchange Commission; and

(xi) the Chairman of the Commodity Futures Trading Commission.

(xii) As appropriate and consistent with applicable law, the Chair may invite the heads of other executive departments and agencies (agencies) or other senior officials within the Executive Office of the President, to attend meetings of the Working Group, based on the relevance of their expertise and responsibilities.

(b) Within 30 days of the date of this order, the Department of the Treasury, the Department of Justice, the Securities and Exchange Commission, and other relevant agencies, the heads of which are included in the Working Group, shall identify all regulations, guidance documents, orders, or other items that affect the digital asset sector. Within 60 days of the date of this order, each agency shall submit to the Chair recommendations with respect to whether each identified regulation, guidance document, order, or other item should be rescinded or modified, or, for items other than regulations, adopted in a regulation.

(c) Within 180 days of the date of this order, the Working Group shall submit a report to the President, through the APEP, which shall recommend regulatory and legislative proposals that advance the policies established in this order. In particular, the report shall focus on the following:

(i) The Working Group shall propose a Federal regulatory framework governing the issuance and operation of digital assets, including stablecoins, in the United States. The Working Group's report shall consider provisions for market structure, oversight, consumer protection, and risk management.

(ii) The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.

(d) The Chair shall designate an Executive Director of the Working Group, who shall be responsible for coordinating its day-to-day functions. On issues affecting the national security, the Working Group shall consult with the National Security Council.

(e) As appropriate and consistent with law, the Working Group shall hold public hearings and receive individual expertise from leaders in digital assets and digital markets.

Sec. 5. Prohibition of Central Bank Digital Currencies

(a) Except to the extent required by law, agencies are hereby prohibited from undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad.

(b) Except to the extent required by law, any ongoing plans or initiatives at any agency related to the creation of a CBDC within the jurisdiction of the United States shall be immediately terminated, and no further actions may be taken to develop or implement such plans or initiatives.

Sec. 6. Severability. (a) If any provision of this order, or the application of any provision to any person or circumstance, is held to be invalid, the remainder of this order and the application of its provisions to any other persons or circumstances shall not be affected thereby.

Sec. 7. General Provisions. (a) Nothing in this order shall be construed to impair or otherwise affect:

(i) the authority granted by law to an executive department or agency, or the head thereof; or

(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

(b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

(c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

[mariacallous]

President-elect Donald Trump is expected to select a new chair of the US Securities and Exchange Commission (SEC) in the coming days. His team is asking the crypto industry to weigh in on potential picks, according to sources who claim to be close to proceedings.

Trump’s shortlist is filled with former government officials, crypto executives, and lawyers who support the crypto industry: Paul Atkins, former SEC commissioner, and Brian Brooks, former acting US comptroller of the currency, are the top two contenders, sources familiar tell WIRED, but the vetting process is ongoing.

Other candidates include SEC commissioner Mark Uyeda, former SEC general counsel Robert Stebbins, and Brad Bondi, the global cochair of investigations and white collar defense at the law firm Paul Hastings, WIRED understands. The chief legal officer for Robinhood, Dan Gallagher, was also up for the role but bowed out of the race over the weekend.

Uyeda declined to comment. Neither the Trump transition team, Atkins, Brooks, Stebbins, nor Bondi responded to a request for comment.

To help craft policy and implement his campaign pledges, Trump is also expected to appoint a crypto czar. The czar would lead a board of advisers comprising a colorful cast of crypto characters, sources tell WIRED. A variety of industry leaders are rumored to be in line for a position on the panel, from companies like Coinbase, Gemini, and Kraken, as well as pro-crypto venture capital firms and crypto mining outfits.

Jonathan Jachym, global head of policy and government relations at Kraken, declined to comment on the competition for places on the advisory council, but says the company welcomes the opportunity to steer crypto policy under the Trump administration. “We take our leadership role in the industry very seriously, and that includes informing and driving regulatory clarity and policy outcomes,” he says. Gemini declined to comment. Coinbase did not respond immediately to a request for comment.

Under Gary Gensler, the sitting SEC chair, the crypto industry has faced what many in its ranks allege to be an unjust and targeted barrage of litigation. Among the crypto faithful, Gensler has become something of a cartoon villain. Tyler Winklevoss, cofounder of crypto exchange Gemini, recently went as far as to describe him as “evil.”

In July, at a bitcoin conference in Nashville, Tennessee, Trump pledged to fire Gensler if reelected, drawing perhaps the most raucous applause of the night. “I will appoint an SEC chair who will build the future, not block the future,” Trump said.

Last week, Gensler announced that he would resign from his office on January 20, the day of Trump’s inauguration. Representatives of the industry in which Gensler has become so maligned are now helping to pick out his successor, sources tell WIRED.

The promise of an SEC overhaul was one of many made to the crypto industry by Trump on the campaign trail. At the Nashville conference, he pledged to cement the US as the foremost bitcoin mining powerhouse, create a national “bitcoin stockpile,” and establish a framework for stablecoin businesses, singing from the crypto hymn sheet.

In June, Trump hosted executives from the crypto mining industry at Mar-a-Lago, his resort in Florida. “We had a very long, in-depth discussion with him—and he was very interested. He was very engaged and asked great questions,” says Brian Morgenstern, head of public policy at bitcoin mining company Riot Platforms and a former official in the first Trump administration, who was in attendance.

Trump has even begun to dabble in crypto himself. Over the summer, his campaign began accepting crypto donations, and his sons launched their own crypto platform, World Liberty Financial, which he helped to promote. Last Thursday, The New York Times reported that Trump’s social media company, Truth Social, filed a trademark application for what was described as a crypto payment service called TruthFi.

Figures allied with the crypto industry have already been appointed to Trump’s cabinet. His pick for Secretary of Commerce, Howard Lutnick, leads the financial services company Cantor Fitzgerald, which manages assets for Tether, operator of the world’s largest stablecoin. Likewise, vice president-elect JD Vance, nominee for Secretary of the Department of Health and Human Services Robert F. Kennedy Jr., and coleader of the new Department of Government Efficiency Vivek Ramaswamy have all expressed pro-crypto views.

“Based on what I've heard in private conversations, my perspective has been that the incoming administration is taking their pro-bitcoin and crypto campaign promises very seriously and intend to do a robust assessment of options to optimize [appointments to regulatory positions] as best they can,” says Christopher Calicott, managing director at bitcoin-focused VC firm Trammell Venture Partners.

The price of bitcoin has risen to record heights, just shy of $100,000 per coin, since Trump won reelection earlier this month.

“The entire industry is going to have much brighter prospects on a number of different fronts,” says Morgenstern. “We don’t have any reason to doubt President Trump.”

[layninboritas]

SOURCE PROTOCOL

SOURCE is building limitless enterprise applications on a secure and sustainable global network. Defi white-labelled services, NFT markets, RWA tokenization, play-to-earn gaming, Internet of Things, data management and more. SOURCE is providing blockchain solutions to the real world and leveraging the power of interoperability.

SOURCE competitive advantages over other blockchain projects

For builders & developers — Source Chain’s extremely high speeds (2500–10000+ tx / per second), low cost / gas fees ($0.01 average per tx), and scalability (developers can deploy apps in multiple coding languages using CosmWasm smart contract framework), set it apart as a blockchain built to handle mass adopted applications and tools. Not to mention, it’s interoperable with the entire Cosmos ecosystem.

For users — Source Protocol’s DeFi suite is Solvent and Sustainable (Automated liquidity mechanisms create a continuously self-funded, solvent and liquid network), Reduces Complexity (we’re making Web 3.0 easy to use with tools like Source Token which automate DeFi market rewards), and we’ve implemented Enhanced Security and Governance systems (like Guardian Nodes), which help us track malicious attacks and proposals to create a safer user environment.

For Enterprises — Source Protocol is one of the first to introduce DeFi-as-a-Service (DaaS) in order for existing online banking and fintech solutions to adopt blockchain technology with ease, and source also provides Enterprise Programs which are complete with a partner network of OTC brokerages, crypto exchanges, and neobanks that create a seamless corporate DeFi experience (fiat onboarding, offboarding, and mutli-sig managed wallets)

Why Source Protocol

Firstly, many protocols are reliant on centralized exchanges for liquidity, limiting their ability to scale independently. This creates a lot of the same issues traditional finance has been plagued with for decades.

Next — slow tx speeds, high costs, limited scalability, and inability to collaborate with other chains, has created severe limitations in Gen 2 blockchain infrastructure.

Lastly, there still exists a level of complexity in blockchain applications that remains a barrier to entry for the average user, and there is not enough focus on building “bridges” for the enterprise to adopt this technology easily and quickly.

In summary, consumers are eager for a blockchain ecosystem that can securely and sustainably support mass adopted applications. That’s why we’ve built Source!

Source Protocol’s ecosystem

Source Protocol’s ecosystem includes a full DeFi Suite, a members rewards program and white-label integration capabilities with existing online Web 2.0 enterprises:

Source Swap — An Interchain DEX & AMM built on Source Chain for permission-less listing of $SOURCE-based tokens, native Cosmos SDK assets, cw-20’s, and wrapped Binance Smart Chain (BEP-20) assets.

Source One Market — A peer to peer, non-custodial DeFi marketplace for borrowing, lending, staking, and more. Built on Binance Smart Chain with bridging to Source Chain & native Cosmos SDK assets.

Source Token $SRCX (BEP-20) — the first automated liquidity acquisition and DeFi market participation token built on Binance Smart Chain.

Source One Token $SRC1 (BEP-20) — a governance and incentivized earnings token that powers Source One Market.

Source USX $USX (BEP-20) — Source One Market stablecoin backed and over collateralized by a hierarchy of blue chip crypto assets and stablecoins.

Source Launch Pad — Empowering projects to seamlessly distribute tokens and raise liquidity. ERC-20 and BEP-20 capable.

Source One Card & Members Rewards Program — users can earn from a robust suite of perks and rewards. In the future, Source One Card will enable users to swipe with their crypto assets online and at retail locations in real time.

DeFi-as-a-Service (DaaS) — Seamless white-label integration of Source One Market, Source Swap, Source Launch Pad, and/or Source One Card with existing online banking and financial applications, allowing businesses to bring their customers DeFi capabilities.

Source Protocol Key Components

Sustainable Growth model built for enterprise involvement and mass application adoption

Guardian Validator Nodes for enhanced network security

Integration with Source Protocol’s Binance Smart Chain Ecosystem and Decentralized Money Market, Source One Market

Source-Drop (Fair community airdrop and asset distribution for ATOM stakers and SRCX holders)

Interoperable smart contracts (IBC)

High speed transaction finality

Affordable gas fees (average of $0.01 per transaction)

Highly scalable infrastructure

Open-source

Permission-less Modular Wasm + (EVM)

Secured on-chain governance

Ease of use for developers

conclusion

SOURCE is a comprehensive blockchain technology suite for individuals, enterprises and developers to easily use, integrate and build web3.0 applications. It is a broad-spectrum technology ecosystem that transforms centralized web tools and financial instruments into decentralized ones. Powering the future of web3,

Next — slow tx speeds, high costs, limited scalability, and inability to collaborate with other chains, has created severe limitations in Gen 2 blockchain infrastructure.

Lastly, there still exists a level of complexity in blockchain applications that remains a barrier to entry for the average user, and there is not enough focus on building “bridges” for the enterprise to adopt this technology easily and quickly.

In summary, consumers are eager for a blockchain ecosystem that can securely and sustainably support mass adopted applications. That’s why we’ve built Source!

For More Information about Source Protocol

Website: https://www.sourceprotocol.io

Documents: https://docs.sourceprotocol.io

Twitter: https://www.twitter.com/sourceprotocol_

Instagram: https://www.instagram.com/sourceprotocol

Telegram: https://t.me/sourceprotocol

Discord: https://discord.gg/zj8xxUCeZQ

Author

Forum Username: Java22

Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3443255

SOURCE Wallet Address: source1svnzfy5fafuskeaxmf2sgvgcn6k3sggmssl8d7

[cryptocozy]

From Bitcoin to Beyond: Exploring the Evolving Landscape of Cryptocurrencies

Over the past decade, cryptocurrencies have emerged as a disruptive force in the world of finance and technology, with Bitcoin leading the way as the pioneering digital currency. The concept of a decentralized, borderless, and secure form of money challenged the traditional financial system, opening the door to a myriad of new possibilities. As the blockchain technology behind cryptocurrencies continues to evolve, the landscape of digital finance is undergoing a transformation that reaches far beyond the realms of Bitcoin.

The Genesis: Bitcoin's Impact and Legacy

Bitcoin, created by the pseudonymous Satoshi Nakamoto in 2009, was the first successful implementation of a peer-to-peer electronic cash system that operates without the need for intermediaries like banks. Its underlying technology, blockchain, introduced a distributed and immutable ledger, ensuring transparency and security in financial transactions.

Bitcoin's rise in popularity sparked interest among tech enthusiasts, libertarians, and investors seeking an alternative to the traditional financial system. Its decentralized nature and limited supply, capped at 21 million coins, instilled confidence in its ability to act as a store of value akin to digital gold.

The Altcoin Era: Diverse Cryptocurrencies Emerge

Following the success of Bitcoin, a wave of new cryptocurrencies, often referred to as "altcoins," flooded the market. These altcoins sought to address perceived limitations in Bitcoin's design or aimed to serve specific use cases.

Ethereum, launched in 2015 by Vitalik Buterin, revolutionized the crypto landscape by introducing smart contracts. These self-executing contracts enabled developers to create decentralized applications (dApps) on top of the Ethereum blockchain. This innovation laid the foundation for the explosive growth of the decentralized finance (DeFi) ecosystem, enabling peer-to-peer lending, decentralized exchanges, and other financial services without intermediaries.

Other notable cryptocurrencies, such as Ripple (XRP), Litecoin (LTC), and Cardano (ADA), each brought their unique features and use cases to the table. Ripple, for instance, targeted faster and cheaper cross-border payments, while Litecoin aimed to be a more efficient and lighter version of Bitcoin for everyday transactions.

The Rise of Stablecoins: Stability in a Volatile Market

Cryptocurrencies have a reputation for extreme price volatility, which has limited their adoption for everyday transactions. To address this issue, stablecoins were introduced. These digital assets are pegged to stable assets like fiat currencies (USD, EUR, etc.) or commodities, reducing price fluctuations and making them more suitable for day-to-day use.

Tether (USDT), the first stablecoin, was launched in 2014, and it quickly became the most widely used stablecoin in the market. As regulatory scrutiny increased, more transparent and regulated stablecoins like USD Coin (USDC) and DAI emerged, further solidifying the role of stablecoins in the cryptocurrency ecosystem.

Institutional Adoption: A Paradigm Shift

In the early days, cryptocurrencies were primarily embraced by individual investors and tech enthusiasts. However, as the market matured and regulatory frameworks became clearer, institutional players started to take notice.

Major financial institutions, asset management firms, and even governments began to explore cryptocurrencies as potential investment vehicles and digital store of value. The entry of institutional investors, like Tesla and MicroStrategy, into the market signaled a shift towards wider acceptance and recognition of cryptocurrencies as legitimate assets.

Beyond Currency: NFTs and the Metaverse

Cryptocurrencies are not limited to being just a form of money. Non-Fungible Tokens (NFTs) have emerged as a revolutionary use case within the crypto space. NFTs represent unique digital assets and have found applications in art, collectibles, virtual real estate, and more.

The concept of the metaverse, a virtual world where users can interact, socialize, and conduct business, has gained traction with the help of blockchain technology. Virtual real estate within these metaverses is being bought and sold using cryptocurrencies and NFTs, opening up entirely new economic opportunities in the digital realm.

To know more click here -

Despite the progress and success of cryptocurrencies, several challenges remain. Regulatory uncertainty, scalability issues, energy consumption concerns (particularly for proof-of-work blockchains like Bitcoin), and security vulnerabilities need to be addressed to ensure the long-term sustainability and widespread adoption of cryptocurrencies.

[mypatchworkreflection]

"The Senate's passage of the bill came one day after the outlet The Lever reported that "a private group chat of Democratic Party operatives and crypto industry advocates has been secretly coordinating to push Democratic senators" to support the bill.

The Lever reviewed the contents of a Signal chat which contained messages from venture capitalists, lobbyists, lawyers for crypto firms, former staffers on Capitol Hill, and others. Participants in the chat expressed the need for the Democrats to pass the bill in order to avoid alienating the crypto industry.

Avichal Garg, a managing partner at a venture capital firm that focuses on digital asset technology like cryptocurrency, said in the chat that "if Dems bail on this [bill], they will get 0 dollars going forward," according to The Lever.

"It would be political suicide for them not to support it," he added.

Jason Gottlieb, a lawyer who works for the law firm Morrison Cohen and defends cryptocurrency companies, wrote in the chat that regardless of concerns about the shortcomings of the bill, Democrats "need to win the next election, which means we can not afford to alienate a very vocal and wealthy group of donors," The Lever reported."

TLDR: Cryptocurrency is a scam, the US government is an oligarchy & SUPER corrupt, and water is wet.

[newsnexttech]

'Public Good': Wyoming Plots August Debut for WYST Stablecoin

In brief Wyoming lawmakers have been talking about introducing a stablecoin since 2022. The asset, WYST, is now targeted to launch on August 20 during the Wyoming Blockchain Symposium. This week, the U.S. Senate passed the GENIUS Act, which would create a legal framework for stablecoins. The Cowboy State moved one step closer to issuing its own stablecoin. The state-backed Wyoming Stable Token…

[rawstorys]

The share of the circle rises 53 % after the Senate passes

The first trader publicly shares Stablecoin Circle continued to increase Friday after the Senate approved legislation that would create a regulatory framework for Stablecoins, a type of cryptocurrency designed to maintain the value of a tumor with the US dollar, earlier this week. Circle shares increased by 53 %, as it rose from $ 148 to $ 227, since the market opened on Wednesday yet…

[btcinfonews]

U.S. Senate Passes GENIUS Act for Stablecoin Regulation

The U.S. Senate Passes GENIUS Act for Stablecoin Regulation! 🎉

🚨 Breaking News! 🚨 The U.S. Senate just voted 68-30 in favor of the GENIUS Act, putting the stablecoin landscape on the map. This isn’t just any regulation—it’s the cosmic event every crypto enthusiast (and investor) has been waiting for! 🌌💰

So what’s this GENIUS Act all about? Well, it aims to establish a Federal Framework that sets strict collateral requirements for U.S. stablecoins and strengthen the good ol' dollar. Yes, you heard that right! Say hello to possibly a $2 TRILLION market and enhanced liquidity that’s got everyone’s wallets tingling! 💵👀

U.S. Senate Passes GENIUS Act for Stablecoin Regulation

"This sets the stage for these assets to go mainstream." — Christian Catalini, Founder, MIT Cryptoeconomics Lab

Now, I know what you're thinking—“Oh great, another political win for cryptos!” But wait! The bipartisan support isn't just for show; it could lead to much-needed clarity in the world of crypto. Even if Senator Warren isn’t jazzed about it (check her fiery remarks here), the progress is real, folks.

We’re on the brink of a new era! 🌅 Imagine diving into a fully compliant, regulated space where $ stablecoins could start taking center stage!

For all the deets on this historic passage, head over HERE and soak in the brilliance of the GENIUS Act! 🧠✨

Let's turn those Bitcoin and Ethereum bags into cash money! 💸 Remember, don't just take my word for it—navigate the wild world of crypto wisely. 😉

Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always conduct your own research and consult a financial advisor.

#Crypto #Stablecoin #GENIUSAct #InvestSmart #BipartisanWin #BlockchainRevolution

[kanalcoin]

🚀 U.S. Senate Approves Stablecoin Regulation Framework! 🎉

Big news, crypto fam! The U.S. Senate just did the *unthinkable* and passed the GENIUS Act 🎩, laying down the law for stablecoins like USDC — because who doesn’t want to make the money moves? 💸

With a regulatory framework that’s more exciting than a golden retriever in a puppy park, the GENIUS Act is opening the gates for both U.S. and foreign issuers to crash our crypto party. 🥳 Can I get a “HODL” from the back? 🙌

This isn’t just any old legislation; it’s a serious declaration of *stability*. Investors can finally breathe a little easier knowing there’s a legal foundation for our beloved digital assets. Are we finally moving out of the Wild West? 🤠

🤝 Senate Passes GENIUS Act for Stablecoins

So, what does this mean for us? Quite a bit! This act introduces a fantastic framework for stablecoins, and it’s about time, right? Senator Cynthia Lummis and Senator Elizabeth Warren may not agree on much, but they both agree on this:

“I’m not thrilled with it, but it’s okay.”

Just another classic case of politics. 😏

Get ready to see more clarity and maybe just a sprinkle of sanity in the ever-chaotic crypto universe! 🌌

🌍 Foreign Issuers Granted U.S. Market Access

Here’s where it gets spicy! With this framework, foreign issuers now have access to the U.S. market. Major tech firms can step right up to create their own stablecoins. Hello increased adoption, and bye-bye to sketchy crypto vibes! ✌️

Fun fact: This legislative change could totally shake up liquidity flows on platforms like $ETH and $SOL. Investors are rubbing their hands together in anticipation! 🔮 Check out more insight from Senator Durbin's Letter to DOL on Crypto Retirement Guidance if you want to dive deeper. 📜

🇺🇸 U.S. Aligns with EU on Stablecoin Regulation

Can I get a round of applause, please? 👏 The U.S. is finally catching up to regions like the EU with real stablecoin regulations. This bill could not only set the stage for growth but also help us veer away from the lag we’ve seen so far.

Experts suggest this clarity will lead to more market stability and institutional participation. Sounds fancy, right? 💼 They even see parallels with the EU's MiCA, predicting a **Hydra-type rise** in adoption. Watch out for your favorite stablecoin, folks! 👀 Stay updated on the ever-evolving landscape through resources like NAPA 401(k) Twitter Updates. 📈

Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. 💡

Want to dive into the nitty-gritty? Hit up the full scoop here: Read original article on kanalcoin.com. Let’s get discussing — what do you think about this regulatory turn? 🗣️👇

#Crypto #Stablecoin #GENIUSAct #USDC #Ethereum #InvestSmart #FinancialFreedom #CryptoNews #Blockchain #DigitalAssets