The GENIUS Act establishes the first federal framework for dollar-pegged stablecoins.
The Layer 1 blockchain plans to go public via reverse merger with a Trump-linked company.
The hyped ICO for the Tether-backed 'stablechain' lived up to expectations, selling out in minutes.
Cryptocurrency markets were volatile on Wednesday as President Donald Trumpβs new tariffs on metals took effect and traders awaited U.S. labor data that could influence the Federal Reserveβs next interest rate decision.
The cryptocurrency market continued to rally on Tuesday after Federal Reserve Chair Jerome Powell made dovish remarks regarding future monetary policy the previous day.
The first draft of the broad market structure and regulation bill that the cryptocurrency industry has been calling for has been released.
Joe Lubin will join SharpLinkβs board and advise on the treasury program and core business initiatives.
Ether gained 2.5%, while SOL and XRP rallied by 4% and 2%, respectively.
BTCβs market capitalization tops $2.2 trillion as ETH and SOL surge 7%.
Crypto markets posted modest gains, with Ethereum and Solana rallying 4%.
The lending giant has surpassed $40 billion in TVL, outpacing the broader DeFi market.