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๐บ๐ธ Latest Crypto News from the U.S. (May 2025)
๐ Bitcoin Hits a Record High!
Bitcoin has reached a historic milestone by crossing $112,000 for the first time!
This surge comes amid uncertainty in the U.S. stock market. Experts say investor confidence has grown due to pro-crypto policies by President Trump, including the launch of a Strategic Bitcoin Reserve and state-level crypto investments.
๐ Source: MarketWatch
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๐๏ธ GENIUS Act Passed โ New Rules for Stablecoins
The U.S. Senate has passed the GENIUS Act, a new law that creates a strong regulatory framework for stablecoins.
Under this act:
โข Stablecoins must be backed 1:1 by reserves.
โข Issuers must follow strict transparency and consumer protection laws.
โข Registered banks and financial institutions can legally issue stablecoins.