According to Eleanor Terrett, the GENIUS Act, a key cryptocurrency regulation bill, has successfully cleared the Senate but faces an unclear strategy in the House of Representatives (source: cryptoinamerica.com, June 18, 2025). This legislative development signals potential for new compliance requirements and shifts in trading frameworks for crypto assets in the US market. However, uncertainty around House approval introduces short-term regulatory risk, which traders should monitor closely for volatility in major cryptocurrencies such as BTC and ETH.

According to Milk Road (@MilkRoadDaily), the GENIUS Act has passed the Senate with a 68-30 vote, signaling significant upcoming changes in U.S. cryptocurrency regulation. Traders are closely monitoring the bill’s provisions, which are expected to introduce clearer compliance requirements for trading platforms and custodians, potentially increasing institutional participation in Bitcoin (BTC) and Ethereum (ETH) markets. As the bill moves to the House, market participants anticipate increased volatility and possible price movements in major cryptocurrencies due to regulatory clarity and shifting institutional sentiment (source: Milk Road Twitter, June 17, 2025).

According to Stock Talk (@stocktalkweekly), Elon Musk publicly urged citizens to contact their senators and 'kill the bill' currently under debate in the U.S. Senate on June 4, 2025. The bill in question is widely reported to include new regulations impacting digital assets and cryptocurrency trading, potentially increasing compliance costs for exchanges and restricting certain decentralized finance operations (source: Stock Talk, June 4, 2025). Musk's high-profile intervention signals significant concern in the tech and crypto communities regarding the bill's potential to stifle innovation and reduce market liquidity. This development is likely to increase volatility for major cryptocurrencies as traders anticipate possible regulatory headwinds and shifts in U.S. policy.

According to Eleanor Terrett, a newly updated version of the Senate’s GENIUS Act that proposes a regulatory framework for payment stablecoins has been introduced on the Senate floor by Senators Hagerty, Tim Scott, and Lummis. This legislative development signals potential for clearer compliance requirements and increased institutional adoption of stablecoins, which could impact trading volumes and liquidity for USD-backed digital assets. The move follows comments from Senator John Thune to GOP senators and reflects growing bipartisan attention to crypto regulation in the U.S. market (source: Eleanor Terrett on Twitter, May 1, 2025).