Here is what happened yesterday in the crypto market:
U.S. Senate Passes GENIUS Act for Stablecoin Regulation
The U.S. Senate has passed the GENIUS Act with bipartisan support, marking a significant step towards regulating stablecoins and potentially strengthening the dollar’s role in the global financial system. This bill aims to establish a clear regulatory framework for stablecoins in the U.S.
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Coinbase Seeks SEC Approval for Tokenized Stock Trading
Coinbase is seeking approval from the SEC to offer tokenized stock trading, potentially expanding its business into traditional brokerage areas. This move could allow users to trade tokenized versions of stocks on the Coinbase platform.
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AgriFORCE Launches Gas-Powered Bitcoin Mining Site in Alberta
AgriFORCE, an agricultural firm that has ventured into Bitcoin mining, has launched a gas-powered mining site in Alberta, with plans to expand its operations, using stranded natural gas to power its facilities.
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JPMorgan Pilots USD Deposit Token on Coinbase’s Base Blockchain
JPMorgan has launched a pilot program for its USD deposit token, JPMD, on Coinbase’s Base network. This initiative marks another step for the financial institution into blockchain technology, choosing Coinbase’s Ethereum layer-2 network for the pilot.
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