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Is yet another major Bullish news coming for Cryptos? The U.S. House of Representatives may soon vote on a key bill.
① Iran and Israel announced a ceasefire, pushing the Bitcoin price back above $105,000, recovering the drop following the U.S. attack on Iran's nuclear facilities; ② In addition, the U.S. House of Representatives is about to vote on a key cryptocurrency legislation, which will allow cryptocurrency Exchanges to register with the U.S. Commodity Futures Trading Commission and reduce the U.S. Securities and Exchange Commission's regulation of digital Assets.
Are stablecoins the "lifeline" for the dollar?
On June 17 local time, the U.S. Senate passed the "Guidance and Establishment of the United States Stablecoin National Innovation Act" with a vote of 68 in favor and 30 against, establishing regulatory rules for stablecoins pegged to the U.S. dollar.
Marching into the global market! The stablecoin leader Tether has announced an expansion plan to confront the challenges posed by traditional financial giants.
Tether is actively expanding its stablecoin business by building a global distribution network, particularly through solar self-service kiosk projects in Africa, and through strategic investments. The CEO emphasized that the company's goal is to extend the influence of the dollar into Emerging Markets and believes that the GENIUS Act may hinder Technology companies from issuing stablecoins.
Craig-Hallum Maintains Hut 8(HUT.US) With Buy Rating
Shares of Crypto-linked Stocks and Miners Are Trading Higher Amid a Rise in Bitcoin.
Hut 8 (HUT) Receives a Buy From Craig-Hallum
