June 20, 2025
Senate Passes Landmark Stablecoin Bill, the Fed Keeps Interest Rates Steady, and Israeli Group Pulls Off $90M Hack of Iran’s Top Exchange
The US Senate passes the GENIUS Act, setting the stage for House debate on stablecoin regulation.
On June 20, 2025, Gemini reported that the US Senate passed the GENIUS Act, a landmark stablecoin bill, after weeks of debate. This legislation aims to establish a regulatory framework for stablecoins and is now set for discussion in the House. Additionally, the Federal Reserve decided to keep interest rates steady, and an Israeli group executed a $90 million hack on Iran's top cryptocurrency exchange.
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