GENIUS Act Passes Senate with Strong Bipartisan Support
GENIUS Act Passes Senate with Strong Bipartisan Support
🏛️ Senate Says Yes... Now What?
The GENIUS Act (Generating Entrepreneurial Innovation and Uplifting Startups) has cleared a major legislative hurdle, passing the Senate with significant bipartisan backing in a 68-30 vote.
The bill now moves to the House of Representatives for final approval before it can be signed into law.
This legislation aims to modernize regulatory frameworks for digital assets and blockchain technology while promoting innovation in the US financial sector.
Key Points:
- 68 Senators voted in favor
- 30 Senators opposed
- House vote timeline pending
🇺🇸Just in: The Genius Act has passed the senate in a 68-30 vote House vote is next.
Bloomberg ETF Analysts Update Crypto ETF Approval Predictions
Bloomberg Intelligence analysts @JSeyff and @EricBalchunas have updated their cryptocurrency ETF approval probability forecasts: - **Highest Probability (95%)**: Litecoin (LTC), Solana (SOL), and Ripple (XRP) - **High Probability (90%)**: Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), Hedera (HBAR), and Avalanche (AVAX) This represents an increase from their May forecast, which estimated 90% approval odds for Litecoin and Solana ETFs in 2025.
Cantor Fitzgerald Expresses Strong Confidence in Solana
Investment bank Cantor Fitzgerald has reiterated its positive outlook on Solana's ecosystem. This follows their previous bullish stance from earlier reports. The firm's continued confidence comes amid growing institutional interest in Solana, particularly after recent Bitcoin integration developments in May 2025. Key points: - Major institutional backing from established Wall Street firm - Sustained positive outlook over multiple reports - Strategic timing following Bitcoin-Solana integration *This represents a significant institutional endorsement for the Solana ecosystem.*
PumpFun & Alon Return to X Platform
In a notable development for the web3 community, **PumpFun** and **Alon** have regained access to their X (formerly Twitter) accounts. The restoration comes after a period of suspension, marking a partial resolution to the ongoing situation. However, several other accounts within the community continue to face suspension, indicating that broader platform access issues persist. The timing and reasons for the selective restoration remain unclear.
Fed Maintains Interest Rates Steady
The Federal Reserve maintained its benchmark interest rates at the 4.25-4.50% range in its latest policy meeting. This marks the third consecutive hold at this level, signaling a potential stabilization in monetary policy. Key points: - Current rate range: 4.25-4.50% - Decision made by Federal Open Market Committee (FOMC) - Continues pause in rate adjustments This decision aligns with market expectations and suggests the Fed's confidence in current inflation management strategies.
FOMC Press Conference Announcement
The Federal Open Market Committee (FOMC) will hold its next press conference, continuing its regular schedule of public communications on monetary policy decisions. - Event details forthcoming - Previous conference held on June 19, 2025 - Important for crypto markets due to potential impact on digital asset valuations *Watch live coverage* to understand implications for digital asset markets and broader economic policy. Follow official channels for exact timing and streaming details.