GENIUS Act, ETF Odds, and Fed Rate Cut Signal an ‘Altseason’
The post GENIUS Act, ETF Odds, and Fed Rate Cut Signal an ‘Altseason’ appeared on BitcoinEthereumNews.com. GENIUS Act passed Senate; Trump supports rapid House approval for stablecoin regulation. Bloomberg raised altcoin ETF approval odds to 95% amid strong SEC engagement. Fed eyes July rate cut; Ohio moves to exempt sub-$200 Bitcoin payments from tax. A series of significant developments in U.S. crypto regulation, monetary policy, and institutional adoption are creating a bullish outlook for the altcoin market. Analysts now point to a combination of these factors for an immediate “Altseason.” Key catalysts include the U.S. Senate’s passage of a federal stablecoin framework, signals of a potential July interest rate cut from Federal Reserve, and dramatically increased approval odds for a slew of spot altcoin ETFs Regulatory Clarity Emerges with GENIUS Act The U.S. Senate passed the GENIUS Act on June 17 with a 68–30 bipartisan support, establishing the first federal framework for stablecoins. The bill includes reserve audits, consumer protections, and anti-money-laundering measures for issuers. With bipartisan support, it now moves to the House of Representatives. Meanwhile, President Donald Trump urged lawmakers to approve the bill without delay. In a post on X, he wrote, “Digital Assets are the future, and our Nation is going to own it.” Trump’s administration has prioritized crypto integration, including plans for a national Bitcoin reserve and a Digital Asset Summit at the White House. As a result, major crypto-related stocks surged. Coinbase jumped 17%, while Circle gained over 30% intraday. At the same time, White House crypto advisor David Sacks confirmed the bill is “very close” to becoming law. Federal Reserve Signals July Rate Cut In parallel, Federal Reserve Governor Christopher Waller said on June 21 that a rate cut could be possible as early as July. He pointed to easing inflation and said the Fed should act before job market weakness appears. Although other Fed officials remain cautious, Waller’s…
The post GENIUS Act, ETF Odds, and Fed Rate Cut Signal an ‘Altseason’ appeared on BitcoinEthereumNews.com.
GENIUS Act passed Senate; Trump supports rapid House approval for stablecoin regulation. Bloomberg raised altcoin ETF approval odds to 95% amid strong SEC engagement. Fed eyes July rate cut; Ohio moves to exempt sub-$200 Bitcoin payments from tax. A series of significant developments in U.S. crypto regulation, monetary policy, and institutional adoption are creating a bullish outlook for the altcoin market. Analysts now point to a combination of these factors for an immediate “Altseason.” Key catalysts include the U.S. Senate’s passage of a federal stablecoin framework, signals of a potential July interest rate cut from Federal Reserve, and dramatically increased approval odds for a slew of spot altcoin ETFs Regulatory Clarity Emerges with GENIUS Act The U.S. Senate passed the GENIUS Act on June 17 with a 68–30 bipartisan support, establishing the first federal framework for stablecoins. The bill includes reserve audits, consumer protections, and anti-money-laundering measures for issuers. With bipartisan support, it now moves to the House of Representatives. Meanwhile, President Donald Trump urged lawmakers to approve the bill without delay. In a post on X, he wrote, “Digital Assets are the future, and our Nation is going to own it.” Trump’s administration has prioritized crypto integration, including plans for a national Bitcoin reserve and a Digital Asset Summit at the White House. As a result, major crypto-related stocks surged. Coinbase jumped 17%, while Circle gained over 30% intraday. At the same time, White House crypto advisor David Sacks confirmed the bill is “very close” to becoming law. Federal Reserve Signals July Rate Cut In parallel, Federal Reserve Governor Christopher Waller said on June 21 that a rate cut could be possible as early as July. He pointed to easing inflation and said the Fed should act before job market weakness appears. Although other Fed officials remain cautious, Waller’s…
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