Trump Signs GENIUS Stablecoin Bill into Law

The latest edition of The Block's newsletter, The Daily, brings significant updates from the crypto world. **Trump Signs Stablecoin GENIUS Act** – In a notable move, Trump has officially signed the GENIUS Act into law, paving the way for regulations that may shape the future of stablecoin operations. **Crypto Market Cap Tops $4T** – The total market cap of cryptocurrencies exceeded $4 trillion before seeing a minor decline, reflecting the ongoing volatility and potential within the market. **Trump Jr.-Backed Thumzup** – The crypto treasury initiative backed by Trump Jr., known as Thumzup, has achieved board approval for a substantial $250 million investment, marking a notable financial commitment in the crypto space. **JPMorgan's Insights** – According to reports, regulators outside the U.S. appear to favor tokenized bank deposits over traditional stablecoins, hinting at a shift in regulatory perspective towards digital assets. **dYdX Acquires Pocket Protector** – In company news, dYdX has announced the acquisition of Pocket Protector, indicating ongoing developments in the trading platform sector of the crypto industry. **Stay Updated** – For detailed insights and timely updates, keep reading The Block's daily digest, highlighting crucial events in the digital asset ecosystem. *Disclaimer: The Block operates as an independent media outlet, offering news, research, and data, with Foresight Ventures as a majority investor. Content is for informational purposes only and not intended as legal or investment advice.*