U.S. Cryptocurrency Dominance Boosted by Trump's GENIUS Act
In the ever-evolving world of cryptocurrencies, several significant events have taken place recently. Let's delve into some of the key happenings that have caught the attention of the global financial community.
The GENIUS Act, a comprehensive federal law, is making waves as it establishes a regulatory framework for stablecoins. This legislation, which could lead to increased foreign investment, aims to propel financial innovation and potentially heighten digital asset adoption in global financial markets. The Act mandates all stablecoins to be backed by dollars or Treasuries, ensuring stability and trust.
Meanwhile, in the United States, a Senate bill is proposing changes to crypto regulation. This proposed legislation could pave the way for a more structured and secure cryptocurrency ecosystem within the country.
In the realm of crypto custody, U.S. Bancorp has resumed its services and added a Bitcoin Exchange-Traded Fund (ETF) to its portfolio. This move could encourage more institutional investors to enter the cryptocurrency market.
China, on the other hand, has taken a different approach. The country has halted Initial Coin Offering (ICO) activities and ordered crypto exchange closures, signalling a more cautious stance towards the digital asset industry.
John Kojo Kumi, a renowned cryptocurrency researcher and writer, specializes in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. His insights provide valuable perspectives on the ever-changing cryptocurrency landscape.
In the sports world, Underdog and Crypto.com have partnered for a U.S. sports prediction market, bringing cryptocurrencies closer to mainstream adoption.
Elsewhere, Linea Network's Decentralized Finance (DeFi) Total Value Locked (TVL) has surged beyond $1.2 billion, indicating a growing interest in decentralized financial solutions.
Alex Spiro is spearheading the $200 Million Dogecoin Treasury Initiative, another development that underscores the increasing importance of cryptocurrencies in mainstream finance.
Bitcoin, the leading cryptocurrency, has seen a 30-day price rise of 11.17%. As of July 28, 2025, Bitcoin has a market dominance of 60.06% with a market cap of $2.37 trillion.
The author who wrote the article about the GENIUS Act is Lennard Merten. His comprehensive analysis provides a deep dive into the implications of this groundbreaking legislation.
Lastly, ChainCatcher has announced a major crypto conference in April 2025, offering a platform for industry leaders, innovators, and enthusiasts to discuss and shape the future of cryptocurrencies.
These developments underscore the dynamic nature of the cryptocurrency industry, with regulatory changes, partnerships, and market fluctuations shaping its trajectory. Stay tuned for more updates as this space continues to evolve.
