WEB3 WEEKLY RECAP | 14-18 JULY

With the #GENIUS #Act now signed into law by the #Trump administration, global financial institutions are moving swiftly to align with the emerging regulatory regime.

𝙏𝙤𝙥 𝙃𝙚𝙖𝙙𝙡𝙞𝙣𝙚𝙨:
– House Kicks Off ‘Crypto Week’ (14 July 2015)
– Jamie Dimon says JPMorgan Chase will get involved in stablecoins as fintech threat looms (15 Jul 2025)
– Citigroup considers issuing its own stablecoin, CEO says (16 July 2025)
– House passes GENIUS Bill (17 July 2015)
– Some big US banks plan to launch stablecoins, expecting crypto-friendly regulations (17 July 2025)
– Trump vows to make US ‘crypto capital of the planet,’ signs GENIUS Act into law (18 Jul 2025)

The passing of the ‘Anti‑CBDC Surveillance State Act’ signals a clear preference by the US for stablecoins over CBDCs, even as many other jurisdictions continue to actively explore CBDC adoption. With the GENIUS Act now in effect, the debate over the relative utility of stablecoins versus CBDCs is set to enter a new chapter.

The preference for stablecoins has shifted in a more positive direction since 2023, driven by supportive regulatory developments.