Industry Development - Crypto technology provider Fireblocks, valued at $8 billion, launched its stablecoin payments network, Fireblocks Network for Payments [1] - The network connects over 40 institutions, including stablecoin startups Bridge (acquired by Stripe), Circle, Zerohash, and Yellow Card [1] - The network supports multi-stablecoin transfers [1]

President Donald Trump signed the first federal bill to regulate stablecoins, hailing it as a “giant step to cement American dominance of global finance and crypto technology” https://t.co/aeIKER2OTb https://t.co/3DS4wXiO7V ...

Key Highlights of the "Genius Act" - The act is considered a significant achievement, with some believing its success was improbable [2] - The speaker expresses gratitude to those involved in the act's creation and passage [1] - The act aims to solidify American leadership in global finance and crypto technology [8] - The speaker contrasts the current administration's understanding of crypto with that of the previous administration [9] Political Dynamics - The speaker mentions challenges in securing votes, specifically referencing "12 hard nos" from senators and congressmen [4][5] - There's a mention of a plan to host a party for members of Congress, excluding a specific group of 12 individuals [6] - The speaker praises several individuals, including Senator Bill Hagerty, Vice President JD Vance, and Speaker Mike Johnson, for their contributions and support [10][13][14] - The speaker highlights the small majority in the House, emphasizing the difficulty in achieving legislative wins [16] Trade and Economic Outlook - The speaker alludes to numerous trade deals being negotiated, with potential announcements forthcoming [17][19] - Tariffs are mentioned as a tool to encourage countries to open up to trade [18]

Trump: "The Genius Act will ensure America achieves global dominance in crypto technology." ...