GENIUS Act Passes Senate with 63-30 Vote, Setting Federal Stablecoin Rules

JPMorgan Chase CEO Jamie Dimon announced the bank will allow clients to invest in Bitcoin, marking a significant shift despite his personal skepticism. The decision reflects growing institutional acceptance of digital assets. Bitcoin currently trades at $106K with a market cap of $2.13T. The U.S. Senate advanced the GENIUS Act for stablecoin regulation, while the SEC charged Unicoin executives with $100M fraud. Coinbase disclosed a cyberattack involving bribed overseas contractors accessing customer data. Meanwhile, Ripple received NYDFS approval to launch RLUSD stablecoin.

**Key Market Movements:** - Bitcoin reached new ATH of $109,140 before retracing to $102,286 - Global crypto market cap rose 11.31% to $3.74 trillion - Trading volume decreased 25.46% to $367.54 billion **Notable Events:** - $TRUMP token launched, surging from under $10 to $74.59 before settling at $36 - Post-inauguration sell-off triggered market-wide correction - Concerns raised over potential conflicts of interest with Trump-affiliated tokens **Market Outlook:** - Analysts identify key support levels at $92K, $87K, and $74K - Resistance levels watched at $106K and $120K - Institutional interest remains strong despite volatility

The cryptocurrency market begins 2025 with significant momentum: - Bitcoin reaches new heights at $95K, continuing its upward trajectory from late 2024 - XRP demonstrates strong performance with a 10% increase - TRON achieves milestone by entering cryptocurrency top 10 rankings This follows the November 2024 rally where Bitcoin hit $89K, driven by political developments and institutional interest. Market sentiment remains positive as we enter the new year. *Key context:* Previous growth was supported by corporate investments, including MicroStrategy's $2B Bitcoin purchase and strong performances from crypto mining stocks.

Bitcoin maintains strong position above $90,000, showing potential for $100,000 mark. ETH rises 2.35% to $3,416.24, while XRP surges 15.24% to $2.42. Global crypto market cap reaches $3.37T with 3.17% daily increase. Bitcoin leads at $95,729 with 56.26% market dominance. Key developments: - Do Kwon extradited to US for fraud charges - UK crypto ad compliance issues persist - XRP dominates Korean trading volumes - TRON enters top 10 rankings, replacing Avalanche Market sentiment remains positive amid institutional adoption and strategic reserve discussions.