๐ Update: United States โ New developments that may affect crypto
+The U.S. government has just passed the GENIUS Act โ the first law aimed at clearly regulating stablecoins: requiring 1:1 reserves, transparent reporting, and additional oversight. World Economic Forum+1
+The OCC stated that national banks are allowed to engage in certain crypto activities such as custody or related to stablecoins without needing prior approval. Reuters
+However, the government shutdown has stalled the SEC's work, causing new crypto policies to be delayed. CoinCentral
+Additionally, state regulators are increasing their intervention powers in the crypto market, particularly in the new โmarket structureโ bill draft โ this may affect how tokens/exchanges are defined and regulated. sidley.com
๐ In summary: as the United States implements new laws, expands banking rights to participate in crypto activities, or delays policies due to the shutdown, all of these could create waves โ impacting liquidity, confidence, and capital flows into the market.