Trump signs GENIUS stablecoin bill into law, crypto market cap hits $4T, JPMorgan says regulators
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Friday! President Trump has officially signed the GENIUS stablecoin bill into law — a landmark moment that’s helping push the crypto market to new highs.
The total crypto market cap briefly crossed $4 trillion, and Coinbase stock hit a new all-time high amid the policy momentum.
JPMorgan says regulators outside the U.S. appear to be favoring tokenized bank deposits over stablecoins, a shift that could shape the next phase of crypto-market infrastructure.
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