The GENIUS Act, which aims to establish a legal framework for stablecoins in the U.S., stalled in the Senate after failing a procedural vote. Despite earlier momentum, disagreements over anti-money laundering provisions and political optics—amplified by Trump’s crypto-related announcements—have derailed progress. Pro-crypto Democrats withdrew support, citing insufficient safeguards, while Republicans explore alternative procedural avenues. Policy leaders warn that without a breakthrough this week, the bill—and broader crypto legislation—could collapse. The outcome will shape Wall Street’s entry into the stablecoin market and the future of DeFi regulation.
about GENIUS Act Stalls: Future of US Stablecoin Regulation in DoubtBoeing
0 posts last weekAmazon Launches First Kuiper Satellites, Rivaling SpaceX
United Launch Alliance (ULA) successfully launched Amazon’s first operational Kuiper satellites, marking a milestone in Amazon’s plan to build a low-Earth orbit broadband network. This launch kicks off a broader agreement involving 46 launches using Atlas V and Vulcan rockets, aiming to deploy 1,618 satellites by mid-2026. The move intensifies competition with SpaceX’s Starlink, which already has over 7,000 satellites in orbit. ULA and Amazon are optimistic about their partnership, with plans to expand launch capacity and enhance global connectivity. The commercial space race continues to heat up, with companies like Amazon, SpaceX, and Boeing reshaping the future of spaceflight and communication.
about Amazon Launches First Kuiper Satellites, Rivaling SpaceXBitcoin Dips as Fed Eyes Rate Cuts, ETFs See $1.8B Inflows
Bitcoin’s price fluctuated on Thursday, dropping to $91,800 before stabilizing around $93,300, even as U.S. stocks rallied on hopes of Federal Reserve rate cuts. Beth Hammack, President of the Federal Reserve Bank of Cleveland, suggested the central bank could act ‘preemptively’ on rate cuts depending on economic impacts from Trump’s trade policies. Meanwhile, spot Bitcoin ETFs saw $1.8 billion in inflows, the highest two-day total since early January. Analysts noted a disconnect between institutional ETF buying and Bitcoin’s stagnant price, attributing it to profit-taking and reduced retail activity. Traders now see a 45% chance of two rate cuts by July, up from 40% the previous day.
about Bitcoin Dips as Fed Eyes Rate Cuts, ETFs See $1.8B Inflows