The leader of the Republican Party in the United States announced that "Crypto Assets Week" will begin on July 14, aimed at drawing Congress's attention to three bills related to Web3. These bills are currently in different stages of the approval process, but advocates for the Crypto Assets industry will closely scrutinize all bills.

According to Gate news, PayPal CEO Alex Chriss admitted that there are still significant barriers to widespread adoption of stablecoins in the United States, and it will take time for them to become mainstream. In an interview with Bloomberg TV, he pointed out the core issue: "There is a lack of sufficient adoption incentive on the consumer side," and revealed that PayPal is working to break this deadlock through a rewards mechanism.

Gate News bot message, The Wall Street Journal reported that Walmart and Amazon are exploring options to issue their own stablecoin in the United States or to integrate third-party stablecoins. The aim of both companies is to drop payment fees and optimize the Settlement process. Sources reveal that the two companies are continuing to advance their plans while waiting for a clear regulatory framework to be established for the Genius Act stablecoin bill. Additionally, Walmart and Amazon are also evaluating joining the merchant-led stablecoin alliance.

Gate News bot news, the U.S. Senate will hold a final vote on the "U.S. Stablecoin Act" (GENIUS Act) next Tuesday (June 17) to determine the regulatory framework for stablecoins in the U.S. The Senate Democratic official website announced the final voting date in a notice on Thursday, adding that the specific time will be decided after negotiations between the majority leader and the Democratic leader. If the "GENIUS Act" passes in the Senate, it will be submitted to the House for a vote. The House Financial Services Committee also has its own stablecoin legislation, the "Stablecoin Transparency and Accountability for Better Ledger Economy Act" (STABLE Act), which was approved by the committee in May.

Gate News bot message, industry insider Brian Armstrong stated on social media: "We need a comprehensive regulatory framework that covers all types of digital assets. The U.S. Congress should pass the two cryptocurrency bills ‘CLARITY Act’ and ‘GENIUS Act’ together to make them law. 52 million U.S. Crypto Assets holders are eagerly waiting."

Golden Finance reported that, according to Crypto in America, the U.S. House of Representatives plans to conduct a markup hearing on the digital asset market structure bill CLARITY Act next Tuesday. Meanwhile, eight major encryption policy organizations issued a joint statement urging Congress to include the Blockchain Regulatory Certainty Act (BRCA) in the CLARITY Act to protect software developers and infrastructure providers who do not hold user funds. Some encryption native enterprises have expressed concerns about the existing text of the bill, believing that it may give traditional financial institutions an advantage over encryption native companies. According to the current text, SEC registered companies such as Charles Schwab and other Wall Street institutions will immediately provide digital asset services after the bill is passed, while encryption native companies may face more complex challenges.

The U.S. House of Representatives Financial Services Committee will unveil a revised version of the CLARITY Act on Tuesday, June 10 at 10:00 a.m. ET.

BlockBeats news, on February 21, AI gaming project Freysa AI (FAI) announced the launch of Digital Twin, where users can create their own digital twin body, which can mirror the user's perspectives, goals, personalities, and thoughts of an autonomous intelligent agent. The twin body can communicate on a large scale with others and interact with Freysa AI. Together, they will explore how the twin body coordinates actions, drives positive outcomes, and efficiently allocates capital. In Act IV, the twin body will accumulate influence through questionnaire completion rates, new twin body guidance, daily...

PANews

Odaily Star Daily GMGN data shows that AI Meme zoneToken fell generally, of which: GOAT: 24H decline of 25.5%, now at 0.41USDT; ACT: 24H drop 16.3%, currently trading at 0.31 USDT; ai16z: 24H decrease by 21.3%, currently at 0.55USDT; ELIZA (uppercase): 24H 16.7% decrease, currently at 0.07USDT; AIXBT: 24H decline 18.3%, now reporting

Golden Finance reported that Dennis, co-founder and CEO of the BTC advocacy organization Satoshi Act Fund,

Golden Finance reported that ACT has released the AI agent prompt exchange protocol Act Swap. Users can choose AI agents for seamless payments and can also directly in their X.

ChainCatcher news, Camp Network announced that the incentive summit series Act 2 is now live, adding 16 teams, including the AI-generated content community Reblapp, the NFT trading platform Rarible, the on-chain competitive project Olympics.fun, covering six major themes including on-chain IP, AI, gaming, social, and Decentralized Finance. It is reported that participants can engage in tasks and earn rewards through the official testing platform. In addition, the team recruitment for the Act 3 series has begun preparations.

Gate News bot message, according to Decrypt, The Federal Reserve (FED) chairman Jerome Powell stated support for Crypto Assets legislation in Congress on Tuesday, suggesting that the United States would benefit from the legislation currently under consideration. "The bill is making progress, which is great," Powell said. "We need a stable coin framework."

PANews, June 18 - According to AP reports, the U.S. Senate passed the stablecoin regulatory bill, the GENIUS Act, with 68 votes in favor and 30 votes against, and the bill will be sent to the House of Representatives for review. The bill establishes a federal regulatory framework for stablecoins, requiring one-to-one reserves, consumer protections, and AML mechanisms, but does not restrict the president and his family from profiting from stablecoin issuance, leading to criticism from Democrats about potential conflicts of interest involving the Trump family. The World Liberty Financial project, owned by the Trump family, profited over $57 million last year from token sales.

Gate News bot message, on June 17, the U.S. Senate passed the GENIUS Act with a vote of 51 to 23, opening a new chapter in federal regulation of stablecoins. This is the first significant Crypto Assets legislation to be passed in the United States. The bill stipulates that stablecoin issuers must maintain a full reserve in US dollars or equivalent liquid assets. Issuers with a market capitalization exceeding $50 billion are required to undergo annual audits, and the bill also clearly specifies priority payments in cases of foreign issuance and bankruptcy. The bill will be submitted to the House for further deliberation. The House needs to choose between advancing its version of the "Stablecoin Transparency and Accountability for a Better Ledger Economy Act" and adopting the GENIUS bill passed by the Senate. Source: The Block

U.S. Senator Cynthia Lummis believes that digital assets represent the future and supports the stablecoin legislation "GENIUS Act," which aims to regulate stablecoin issuance. The Democrats originally obstructed this bill, but now many have changed their stance to promote its progress. The bill still requires coordination between the House and Senate and awaits the President's signature to become law.

PANews April 1 news, according to the announcement from @ACTICOMMUNITY, regarding the recent price Fluctuation of $ACT, the team stated that they have initiated an investigation and are collaborating with relevant parties to handle the situation, while also working with trusted partners to develop a response plan. The project party promises to release further information as soon as possible.

ChainCatcher News, Act I: The AI Prophecy. X announced that the ACT community is providing funding to GNON to support its development of the Decentralization communication network Echo.

According to ChainCatcher, GMGN data shows that the 24-hour increase of ACT Token has reached 22.6%, now reported at 0.43.

Odaily Planet Daily News ACT community account @ACTICOMMUNITY posted on platform X that ACT and BNB Chain have reached a cooperation, and ACT Token will land on BNB

According to Gate News bot, The Block reported that the U.S. House Financial Services Committee has advanced its own stablecoin legislation - the "Stablecoin Transparency and Accountability for Better Ledger Economy Act" (STABLE Act). The bill has not yet been submitted for a vote by the full House.

Despite the strong momentum of stablecoin legislation in the United States (such as the GENIUS Act), JPMorgan analysts are still delaying trillion-dollar stablecoin forecasts, saying that although the U.S. regulatory framework is strengthening, it is "too optimistic" to predict that the total supply of stablecoins could double or quadruple in the next year or two from the current level of about $240 billion (close to the trillion dollar mark). （The Block）

PANews reported on May 22 that according to CNBC, David Sacks, a crypto adviser to US President Trump, said that the stablecoin regulatory bill GENIUS Act, if passed, would release "trillions of dollars" of demand for US Treasury bonds. The bill has broken the filibuster threshold in a procedural vote in the Senate. According to Sacks, the bill will provide a legal framework for the $200 billion unregulated stablecoin market and strengthen the dollar's dominance. Despite the White House's full support, Democrats have questioned the bill's conflict of interest for the president and his family.

Gate.io News bot message, encryption journalist Eleanor Terrett reports that the GENIUS Act amendment draft sets new regulations for stablecoin issuance. The draft stipulates that stablecoin issuers cannot claim their products are insured by the FDIC or backed by the credit of the U.S. government, and it also prohibits the use of names that contain terms like "United States" or "USG." The draft also establishes additional provisions for large technology companies such as Meta, Amazon, Google, and Microsoft, requiring these institutions to meet specific standards for financial risk control, data privacy protection, and fair business practices when issuing stablecoins. Source: Wu Shuo

According to the Gate.io News bot, as reported by Blockworks, the U.S. House of Representatives is drafting a new round of legislation on crypto market structure, which is scheduled to be published at the end of this month. This draft legislation will use the previous Congress's "21st Century Financial Innovation and Technology Act" (FIT21) as a reference. Currently, the STABLE Act in the House of Representatives and the GENIUS Act in the Senate have passed the committee review stage. There are detailed differences between the two bills regarding the allocation of regulatory powers, and neither has entered the full voting stage.

California Democratic representative Sam Liccardo will introduce the MEME Act, prohibiting public officials from profiting from digital assets. The bill applies to individuals such as the president, members of Congress, and aims to prevent conflicts of interest and misconduct. Liccardo pointed out that the issuance of memecoin by the Trump family has triggered economic and insider trading risks. The bill is expected to be introduced on February 27 and has garnered support from over a dozen Democratic lawmakers.

Odaily News After the U.S. Senate passed the stablecoin bill Genius Act, Circle, known as the "first stablecoin stock," saw its share price exceed $164, currently reported at $164.15, with a rise of 10.06%.

Prenetics announced the transfer of ownership of its genomic medicine business ACT Genomics to Delta Electronics, with a total transaction value of up to $71.78 million, expected to receive approximately $46 million in cash, and post-completion cash reserves will increase to $86 million. The CEO stated that they will explore innovative financial strategies.

Gate News bot message, as the US Senate passed a new bill "GENIUS Act", the adoption of stablecoins by US banks and financial institutions may accelerate. The bill was passed in the US Senate on Tuesday with 68 votes in favor and 30 against, aiming to establish clear rules for stablecoin collateral and mandating compliance with AML laws. Katalin Tischhauser, Head of Investment Research at digital asset bank Sygnum, stated that the Senate's vote sent a "strong positive signal" to institutions, bringing the bill one step closer to official enactment.

U.S. Senate Majority Leader John Thune is calling on Congress to pass the GENIUS Act as soon as possible to promote the mainstream acceptance and application of Crypto Assets, driving its larger-scale adoption.

Gate News bot Message: U.S. Senate members are deeply discussing the stablecoin regulation bill "GENIUS Act," which currently faces a series of amendment proposals. If passed smoothly, the bill is expected to be submitted to the Senate for review this weekend. FOX Business reporter Eleanor Terrett stated that more than 60 amendments have been proposed so far, and it is currently at the center of negotiations between Senate Republicans and Democrats. Both sides are working to streamline the list of amendments to make it easier to manage. If an agreement cannot be reached quickly, the legislative process for the bill may slow down. Procedural delays could result in the final vote being postponed until next week. Lawmakers hope to avoid this situation, but it is not uncommon when dealing with such a large number of proposed amendments.

U.S. Securities and Exchange Commission Chairman Paul Atkins testified before the Senate Appropriations Committee's Financial Services and General Government Subcommittee on Tuesday that he vowed to establish a "reasonable regulatory framework" for crypto assets, prioritizing rulemaking and transparency over enforcement actions. He is continuing his efforts to bring a "new day" to the SEC and change the institution's stance on digital assets. "Clear rules are essential to protect investors from fraud, especially to help them identify scams that don't comply with the law," he said. Atkins added, "Policy development will be done through notice and comment rulemaking, not through enforcement regulation." ”

According to the Gate News bot, The Block reports that U.S. Representatives Tom Emmer and Ritchie Torres have jointly reintroduced the (Blockchain Regulatory Certainty Act). The bill clearly states that non-custodial crypto service providers such as miners, validators, and wallet developers do not fall under the category of "money services business" or money transmission entities. The bill aims to provide legal certainty for developers of decentralized protocols and prevent licensing regulations from hindering the development of relevant technologies.

According to Gate.io News bot, encryption journalist Eleanor Terrett reported that a bipartisan group of senators in the U.S. Senate is in the final stages of negotiating the text of the GENIUS Act bill. The Senate plans to complete the voting process for the bill before the Memorial Day recess and is currently discussing the restoration of the bill's review. The speed of progress on the bill is directly related to the outcome of the procedural agreement negotiations with the Democrats. Source: Wu Says

PANews, April 2 news, the official social platform of Act I stated that despite the recent price Fluctuation, the $ACT team emphasized that its long-term mission remains unchanged, dedicated to building a technological bridge connecting AI and the encryption community, promoting socially impactful innovations. The team stressed a focus on long-term construction, responding that "we are still here, still building, and we will not leave." Yesterday, ACT plummeted about 50% in half an hour, dropping to a low of 0.0521 USD today, currently reported at about 0.058 USD. Related reading: Decoding the three layers of mystery behind the flash crash of ACT, is the exchange's risk control turning into a "nuclear button"?

Odaily News ACT community account @ACTICOMMUNITY posted on the X platform stating: Although the Fluctuation in the Crypto Assets market is inevitable, the team's commitment to development remains unwavering. Regardless of the recent price movement, the mission has never changed: to be a bridge between the artificial intelligence and encryption communities, and to develop technologies that have a positive impact on society. For the community, ACT has heard the concerns, but the project is still under development and will not be leaving.

The cryptocurrency market has seen large investors holding substantial spot positions adopt manipulation strategies, such as selling spot/ buying perpetual options to entice market makers to act, resulting in long positions in perpetual options being liquidated. At the same time, the market capitalization of certain tokens may have been artificially inflated, with the market capitalization of ACT tokens plummeting by 70%. This raises concerns over manipulation in the cryptocurrency space and the authenticity of market capitalization, warning investors to be vigilant against market manipulation.

gate News bot message, following the big dump of tokens such as ACT and TST last night, multiple tokens including MASK and LEVER experienced a short-term massive fall again from 0 to 4 AM today. Data shows that the LEVER/USDT trading pair fell over 28% in a short time, with a total fall of 36% over 24 hours; the MASK/USDT trading pair fell over 29% in a short time, with a total fall of 33% over 24 hours. Meanwhile, the fall of ACT and DF has further intensified. The price of ACT has dropped to 0.067 USD, with a 24-hour fall of 64%; the price of DF has fallen to 0.05 USD, with a 24-hour fall of 36%. Source: wublock123

PANews March 26 news, according to Blockworks, U.S. Congressman Bryan Steil revealed at the Blockchain Summit that the stablecoin bill STABLE Act is expected to be officially introduced in the U.S. House of Representatives today. According to the content, the draft of this bill is 80% similar to the GENIUS Act.

PANews December 18th news, according to Act I: The AI Prophecy community X account, $ACT is about to go live on BNB Chain. As a leader in the encryption field, BNB

Wall Street brokerage firm Bernstein said in a research note on Monday that the U.S. Senate's GENIUS Act, a key element of U.S. stablecoin regulation, will be voted on this week and is expected to be passed in the coming months. Bernstein said that once the bill is passed, it is expected that "stablecoins will evolve from the monetary orbit of cryptocurrencies to the monetary orbit of the internet." The bill aims to bring stablecoin innovation back to the U.S., giving U.S.-regulated issuers a head start. Bernstein said the GENIUS Act "prohibits non-financial listed companies from becoming stablecoin issuers," noting recent reports that Amazon and Walmart are exploring the use of these cryptocurrencies. The report adds that if e-commerce and tech platforms want to adopt these cryptocurrencies, they will most likely have to partner with regulated U.S. issuers rather than issue their own stablecoins.

Odaily News Bernstein stated that the U.S. stablecoin regulatory bill GENIUS Act is likely to be passed into law in the coming months. Once the bill is passed, stablecoins are expected to develop into the currency track of the internet and become the cash layer of the internet. (CoinDesk)

Odaily News Market shows that ACT Token has fallen by 25% again in just 15 minutes, currently reported at 0.045USDT.

PANews reported on March 11 that Fox Business News reporter Eleanor Terrett posted on the X platform that Senator Bill Hagerty plans to release an updated version of the stablecoin bill - GENIUS Act later today.

BlockBeats news, on January 27, according to official sources, the AI Meme project ACT announced that it will hold a hackathon during ETH Denver, from February 22 to March 3, ACT will provide cutting-edge AI

ChainCatcher message, Act I: The AI Prophecy claimed in a post on X that it has reached a strategic cooperation with GNO. The cooperation includes: Act partners will be fully integrated into EchoChambers, receiving full support and assistance. EchoChambers will serve as a development sandbox and benchmarking tool for new sponsors and partners. $GNON will be listed on the next batch of $ACT.

Odaily Planet Daily News According to Dennis Porter, co-founder of the Satoshi Act Fund, in a post on X, the next two weeks will be crazy for Bitcoin. I can confirm at least 3

According to the Gate.io News bot, Bloomberg reports that Senate Democrats have proposed the "Clean Cloud Act" draft. This draft establishes a charging mechanism for data centers that support blockchain networks and artificial intelligence models exceeding federal emission targets. According to the bill, the U.S. Environmental Protection Agency needs to develop emission standards for data centers and cryptocurrency mining facilities that have an IT nameplate power exceeding 100 KW, with an annual emission reduction target of 11%. For emissions exceeding the limit, a fee of $20 per ton of carbon dioxide equivalent will be charged, with this fee standard being adjusted annually by $10 for inflation.

Odaily News SEC has released new regulations, clarifying that certain stablecoins do not fall under the category of securities and can be exempt from trading reporting obligations. The so-called "compliant stablecoins" must be fully backed by fiat or highly liquid low-risk assets, redeemable 1:1 for US dollars, and must not offer yields, mix reserves, or engage in speculative investments. Algorithmic stablecoins are not included in this category, and their regulatory status remains unclear. This definition is consistent with legislative proposals such as the GENIUS Act and the Stable Act. (Cointelegraph)