NEWS DIGEST – 07.08.2025 🚀
🧠 1. Trump Signs the GENIUS Act 🇺🇸
President Trump has signed the GENIUS Act, creating the first official U.S. stablecoin regulation framework 🪙. It includes asset-backing, regular audits, and innovation support. Major step for global crypto legitimacy 🌍.
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🏦 2. Hong Kong’s Stablecoin Rule Triggers Privacy Concerns 🇭🇰
As of August 1, Hong Kong requires all stablecoin users to undergo strict KYC 😬. While it’s aimed at AML compliance, many in the crypto industry say it could kill privacy and user trust 🕵️♂️💀.
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💰 3. Bitcoin Holds Strong Above $114,500 📈
Bitcoin is holding support at $114.5K, showing signs of a possible breakout if resistance breaks 💎. Institutions are returning, and the bulls are watching 🐂🔍.
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🇺🇸 4. U.S. “Project Crypto” Gets Real
Trump’s broader digital asset vision, Project Crypto, gains momentum as Washington leans into blockchain infrastructure 🏗️. Expect more pro-crypto policy moves soon 🔜.
