The U.S. House of Representatives passed the landmark GENIUS Act, signaling potential regulatory clarity for the cryptocurrency sector. Following this legislative milestone, crypto-related stocks surged significantly. Coinbase, Robinhood, and Galaxy Digital recorded notable price increases as markets reacted positively to the prospect of a streamlined regulatory framework.
Financial disclosures reveal that around 70 officials within the Trump administration collectively hold roughly $51 million in digital assets. Key figures include Vice President Vance and Health Secretary Kennedy, both of whom maintain substantial cryptocurrency portfolios.
Outside government circles, corporate Bitcoin adoption gains momentum. Companies including SharpLink Gaming and Volcon have recently executed major crypto-related initiatives, underscoring growing institutional interest.
Simultaneously, South Korea’s largest crypto exchange Upbit confronts unprecedented regulatory penalties. The Financial Services Commission has proposed a $137 billion fine against the platform for over 9.57 million compliance breaches. Core violations include systemic failures in Know Your Customer protocols, marking one of the largest enforcement actions in crypto history.