The U.S. cryptocurrency industest is witnessing a significant transformation, shifting from regulatory hostility to a more structured political presence, as discussed by Kristin Smith in a recent podcast. This shift is exemplified by the enactment of the GENIUS Act, which establishes a federal framework for stablecoins, marking a pivotal victory for the sector. Meanwhile, Gemini has secured a MiCA license in Malta, enhancing its compliance and expanding its European operations, following its earlier MiFID II license. This shift positions Gemini to introduce new products under the EU’s harmonized crypto regulations. In the market, HBAR is revealing resilience, supported by institutional interest as SWIFT launches blockchain trials utilizing Hedera. Conversely, Pi Network is struggling, with its price plummeting over 85% since its peak, attributed to rising supply and a lack of ecosystem development. Lastly, Toncoin has seen a slight uptick after Verb Technology announced significant treasury holdings, although it remains down from its previous highs. These developments collectively illustrate the dynamic and evolving nature of the cryptocurrency landscape.
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