);)
The U.S. stablecoin regulatory bill 'GENIUS Bill' passed the U.S. Senate in a final vote of 68 to 30 on the 18th. Following the Senate passage, the GENIUS Bill will be referred to the U.S. House of Representatives for review and discussion.
2. Bitcoin Drops Further on Potential U.S. Involvement in Middle East War
Bitcoin (BTC) dropped further on the morning of the 18th as the possibility of U.S. involvement in the Middle East war increased. On the 18th, the White House held a National Security Council (NSC) meeting to discuss potential U.S. involvement in the regional conflict. President Trump posted on his social media 'Truth Social', "I know exactly where the supreme leader of Iran is hiding" and "Our patience is diminishing, and Iran must surrender unconditionally!" Due to the U.S. and President Trump's warning of participation in the Middle East war, Bitcoin dropped about 3%, touching $104,000, and many altcoins also fell by more than 4%.
3. Ripple and SEC Request Halt to Appeal
Ripple and the U.S. Securities and Exchange Commission (SEC) submitted a request to halt the appeal to the U.S. court on the 17th, indicating they will await further court judgment. The SEC plans to submit a status report by August 15th.
4. JP Morgan Confirms Stablecoin 'JPMD' Issuance on Base
JP Morgan plans to issue its own stablecoin 'JPMD' on Coinbase's Layer 2 network 'Base'. Naven Malella, an executive of JP Morgan's blockchain division 'Onyx', explained in a Bloomberg interview on the 18th that the pilot program for JPMD has been confirmed and will be transferred on Base within a few days.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
