Crypto

Treasury Proposes Hybrid Framework for Stablecoin Regulation Under the GENIUS Act

The U.S. Treasury has unveiled its initial stablecoin regulatory framework under the GENIUS Act. This proposal aims to create a hybrid system that governs how stablecoin issuers will navigate between state and federal regulations. The move reflects the government's effort to provide clarity and security in the rapidly evolving stablecoin market. By establishing a clear pathway for compliance, the Treasury seeks to foster innovation while also mitigating risks associated with digital currencies. Industry stakeholders are encouraged to participate in the consultation process as this foundational rule could shape the future of stablecoin operations across the country.

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Visa Expands Stablecoin Infrastructure Amid Rising Demand

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Memecore Hits $4.7 Resistance; Analysts Warn of Possible Distribution Phase

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Memecore's recent rally has hit a snag at the $4.7 resistance level, leading to a notable pullback in price. The rejection from these highs has raised concerns among analysts about a potential distribution phase. In the short-term, bullish momentum appears to have diminished, suggesting increased selling pressure.

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