3/ And Circle is now running the exact same playbook in the UK.Dante Disparte just addressed the House of Lords pushing for a UK law that combines MiCA + the US GENIUS Act.I was just reading his FT opinion letter and it finally clicked with me.They lobby for the rules that benefit them, then they are the first to comply, and get the market by default while others (europooors) are too slow to react. ...

RT Dante Disparte (@ddisparte)Today, I published a piece in the @FT urging the UK to claim a second mover advantage in regulating stablecoins and crypto. Borrowing the best of Europe's MiCA and the U.S. GENIUS Act (and upcoming Clarity Act) can create a common harmonized market.https://t.co/xWjTrJkuZK ...

FDIC Reveals Proposed Rules for Stablecoin Issuers Under GENIUS Acthttps://t.co/0gyOIlcWbb ...

JUST IN: FDIC approves proposal to implement the requirements and standards for US stablecoins under the GENIUS Act 🇺🇸 https://t.co/B4i93gAbnP ...

JUST IN: 🇺🇸 The FDIC has approved a proposed rule that would implement a framework for stablecoins in alignment with the GENIUS Act. https://t.co/5ZmnRPKLn9 ...

🇺🇸 JUST IN: U.S. Department of the Treasury is seeking public input on proposed state-level stablecoin regulations under the GENIUS Act. https://t.co/RiHtj44MX2 ...

RT Dante Disparte (@ddisparte).@UKHouseofLords invited me to testify today in a far-reaching hearing on the regulation of stablecoins. The UK has a distinct "second mover" advantage to borrow the best of MiCA and the GENIUS Act - the time to act is now lest competitiveness wanes.https://t.co/ASBuQ6WPW6 ...

🚨FDIC CHAIR: STABLECOINS WILL NOT RECEIVE DEPOSIT INSURANCESpeaking today at the American Bankers Association summit, FDIC Chair Travis Hill confirmed stablecoins are ineligible for FDIC coverage, including "pass-through" arrangements.Your $USDC and $USDT are not insuredThe ruling follows the GENIUS Act, which established the US stablecoin framework.Under the law, issuers must hold 1:1 reserves but if an issuer fails, you're an unsecured creditor, not a protected depositor. ...

Core Viewpoint - Cardano (ADA) is experiencing a prolonged period of poor price performance, with concerns that it may drop by another 31% due to weak investor sentiment and selling pressure from large holders [1][2]. Group 1: Market Sentiment and Investor Behavior - Charles Hoskinson supports the GENIUS Act, aligning with former President Trump's views on banking interference, which may provide some support for ADA [1][2]. - Despite Hoskinson's advocacy, investor sentiment remains weak, particularly among large holders (whales), leading to significant sell-offs; approximately 210 million ADA, valued at over $56.7 million, were sold in the past week [2][4]. - The bearish sentiment among investors, especially large holders, poses challenges for ADA's recovery, as confidence continues to decline [4]. Group 2: Price Action and Technical Analysis - Cardano's current price is $0.27, just below the $0.28 resistance level, forming a bearish flag pattern that indicates a potential drop of 31.75% to the $0.17 support level [9]. - A failure to break above the resistance could lead to further losses, with a drop below the $0.25 support level likely triggering additional bearish momentum [10]. - If ADA loses the $0.22 support, it would validate the bearish flag pattern, potentially leading to a decline to $0.19 and exposing it to the $0.17 level [10]. Group 3: Long-term vs Short-term Holders - The MVRV Long/Short Difference indicates that short-term holders (STHs) are currently in profit, while long-term holders (LTHs) are struggling, contributing to the lack of recovery [5][6]. - The dominance of STHs in the market, who tend to sell at the first sign of profit, exacerbates ADA's price struggles and increases volatility [6][7].

Core Insights - The GENIUS Act, signed by President Trump, establishes the first U.S. crypto law aimed at enhancing the safety and transparency of stablecoins [1][2]. Group 1: Safety Net for Stablecoins - The GENIUS Act mandates that every U.S. dollar stablecoin must be fully backed, dollar-for-dollar, by cash or U.S. Treasury bills, ensuring that $100 in stablecoins corresponds to $100 in trusted assets [2]. - Issuers are required to conduct monthly audits and provide public disclosures, enhancing the transparency of stablecoin holdings [2][3]. Group 2: Consumer Protections - The law provides legal protections for consumers, ensuring that if a stablecoin issuer fails, holders of those coins are prioritized in claiming remaining company assets [4]. - Companies are prohibited from misleading consumers by suggesting that their stablecoins are government-insured or equivalent to official U.S. dollars, reducing confusion in the market [4]. Group 3: Clearer Rules, Wider Use - The introduction of new standards allows more banks, fintech companies, and major retailers to issue or accept stablecoins, potentially leading to faster and cheaper payment options for consumers [6]. - Consumers may experience enhanced payment systems integrated into shopping apps, with benefits including reduced fees and quicker settlement times [6]. Group 4: No Interest or Yield for Holders - Stablecoin issuers are prohibited from offering interest or yield on stablecoins, which are classified as digital cash rather than investment vehicles [7]. - While stablecoins serve as convenient transaction methods, they do not contribute to savings growth [7].