Bitpush Editor's Daily Web3 News Selection:
[U.S. Senate Passes Stablecoin 'GENIUS Act', Focus Shifts to House of Representatives]
The U.S. Senate passed the milestone GENIUS Act on Tuesday, advancing federal government efforts to regulate stablecoins and pressuring the House of Representatives to plan the next phase of national digital asset regulation efforts.
This is the first time the Senate has passed significant cryptocurrency legislation. Bill Hagerty, the Republican Senator and initiator of the GENIUS Act, thanked some of his colleagues for their support before the formal vote. Less than a week ago, lawmakers overwhelmingly voted for the bill, with many expecting its passage.
Next, the House of Representatives needs to decide how to proceed. In April, the House Financial Services Committee proposed its own stablecoin legislation - the Stablecoin Transparency and Accountability to Promote a Better Ledger Economy Act. However, the bill has not yet been submitted for a full House vote.
[JPMorgan to Pilot USD Deposit Token JPMD on Coinbase's Base Blockchain]
According to Bloomberg, JPMorgan will launch a token pilot project called JPMD, introducing a USD deposit token for institutional clients on Coinbase's Base platform, which will be the first such token on a public chain, supporting fast, secure, and round-the-clock fund transfers between trusted parties, marking further depth in digital assets for financial institutions.
Naveen Mallela, co-global head of JPMorgan's blockchain division Kinexys, stated in an interview that they expect to transfer a certain amount of JPMD from their digital wallet to Coinbase Global Inc., the largest U.S. cryptocurrency exchange, in the coming days.
[a16z Partner: Additional $70 Million Invested in EIGEN Token with Lock-up Period]
a16z General Partner Ali Yahya posted on X: "Excited to announce we've additionally invested $70 million in the EigenLayer token EIGEN, with a lock-up period. In the past few years, the EigenLayer team has pioneered a new paradigm for building verifiable and credibly neutral applications."
[GMGN and Some Crypto KOLs' X Accounts Now Unbanned]
According to market information, the previously banned GMGN platform and some crypto KOLs' X accounts have now been unbanned.
[SEC Delays Approval of Franklin XRP and Solana Spot ETFs]
According to market information, the U.S. Securities and Exchange Commission (SEC) has delayed approval of Franklin's XRP and Solana spot ETFs.
[Ink Announces Native Token INK, Airdrop for Early Liquidity Protocol Participants]
Layer 2 network Ink announced the launch of its ecosystem's native token INK, with a total supply permanently limited to 1 billion, with no future minting through governance. The chain remains under Optimism's superchain, with INK tokens applicable to user and application layers, and the airdrop targeting early liquidity protocol participants.
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