GENIUS Act Senate Passage Lifts Stablecoin Firms and Crypto Sentiment; Bitcoin Pepe Raises $15M Before Major Listings
The US Senate has passed the GENIUS Act, a significant stablecoin regulatory bill, triggering increased optimism in the cryptocurrency market. The bill—Guiding and Establishing National Innovation for US Stablecoins Act—demands strict reserve backing and routine audits for stablecoin issuers, enhancing trust and transparency within the stablecoin sector. Major industry players Circle and Coinbase, as USDC co-founders, saw their share prices surge by over 33% and 16% respectively, reflecting heightened institutional confidence and regulatory clarity. The bill awaits final approval from the House of Representatives. Meanwhile, the innovative Bitcoin Pepe project, blending the security of Bitcoin with Solana’s scalability, has raised over $15 million in its presale. Its BPEP token will be listed on exchanges MEXC and BitMart, with a major listing announcement scheduled for June 30. Current investors will receive a 30% bonus in tokens. Crypto market sentiment remains robust, as evidenced by a $388.3 million single-day net inflow to spot Bitcoin ETFs and Bitcoin prices stabilizing between $104,000 and $105,000. Historically, positive regulatory developments and ETF inflows have driven capital toward early-stage tokens and meme coins such as Bitcoin Pepe. Crypto traders should monitor Bitcoin Pepe’s upcoming listings and any regulatory updates for potential trading opportunities.
Bullish
The passage of the GENIUS Act by the US Senate is viewed as a positive regulatory development for the stablecoin sector, introducing mandates for full reserve backing and routine audits, which boost transparency and institutional confidence. This has led to sharp gains for industry players like Circle and Coinbase and instilled a sense of regulatory clarity that benefits the broader crypto market. Periods of strong ETF inflows and stable Bitcoin prices further reflect underlying market strength. The success of Bitcoin Pepe’s presale and anticipation of major exchange listings suggest active capital flows toward new projects, especially meme coins. Historically, such regulatory milestones and ETF-driven optimism tend to spark bullish momentum across both established and emerging crypto tokens, making the near-term outlook positive for traders.