President Donald Trump has signed the GENIUS Act into law, just one day after it passed the House in a 306–122 vote.
The bill marks the first-ever US federal crypto law, creating strict rules for stablecoin issuers—including full 1:1 reserves, regular audits, and registration with federal or state regulators.
Trump signed the bill during a closed-door session Friday morning. While celebrating the win, he jokingly told reporters, “It’s called the GENIUS Act. I think it’s named after me.”
President Trump Signs GENIUS Act Stablecoin Bill Into Law
Crypto Czar David Sacks, who played a central role in last-minute negotiations, said the bill was “dead” earlier this week—until “we had a secret weapon, a deal breaker as commander in chief,” referring to Trump’s intervention.
Despite bipartisan support for the bill, some hardline Republicans remain opposed.
Representative Marjorie Taylor Greene posted on X (formerly Twitter), warning:
“Congress is passing a bill today (GENIUS Act) that opens the back door to a central bank digital currency (CBDC)… The Fed has been working on this for years… The ultimate goal is to move us to a cashless society.”
She criticized House Republicans for passing GENIUS without securing Senate support for a formal CBDC ban. That separate bill—the Anti-CBDC Act—has yet to clear the Senate.
Supporters of GENIUS argue the bill explicitly bans algorithmic stablecoins and requires full dollar reserves, offering a safe framework for regulated digital dollars—not government-controlled ones.
With Trump’s signature, the GENIUS Act becomes law immediately. US regulators now have until 2026 to draft implementation rules for stablecoin licensing and enforcement.
GoPlus Security unveiled the latest playbook employed by a well-coordinated scam network targeting unsuspecting crypto users with promises of effortless USDT earnings.
Meanwhile, deepfake AI is progressively becoming a concern. Bad actors leverage authoritative voices in the industry to target unsuspecting victims. These mark an alarming disclosure that mirrors the growing sophistication of crypto fraud.
These projects entice users with the promise of “zero-cost, stable USDT rewards” in exchange for completing simple, low-effort tasks. Once initial contact is established, scammers send small tokens and minimal USDT over several days to establish legitimacy. But it’s all a calculated ruse.
The ultimate goal is to convince users to grant token approval permissions, often to externally owned accounts (EOAs). Once approvals are in place, the scammers continue sending rewards for days or weeks while monitoring wallets.
When a user’s balance crosses a threshold or revocation activity is detected, high-speed front-running bots swoop in and drain funds in seconds. These trading bots are willing to burn gas at any cost.
“This is a long game to catch big fish,” GoPlus warned in its statement.
Against this backdrop, GoPlus Security cautions against granting unlimited token approvals, especially to EOAs. The firm also urges users to adopt proactive on-chain security tools.
“There’s no such thing as free money — don’t trust projects that claim you can easily earn just by participating,” it added.
As BeInCrypto reported, these range from verifying token contracts and approval histories to using tools that limit permissions or automatically revoke dormant approvals.
Deepfake Deception: The Next Frontier of Crypto Fraud
Beyond blockchain, crypto scams are exploiting artificial intelligence at a dangerous scale. Bad actors also weaponize deepfake technology, which creates convincingly fake videos of public figures, to defraud investors.
In a warning earlier this year, Binance co-founder Changpeng Zhao (CZ) revealed AI-generated clips promoting fake investment platforms falsely endorsed by major crypto personalities.
“There are deepfake videos of me on other social media platforms. Please beware,” CZ stated.
A disturbing example recently emerged in Ghana. The country’s Ashesi University denounced a deepfake impersonation of its president, Patrick Awuah Jr. Reportedly, scammers used him to promote a scam called “Crypto Klutz.”
They embedded the video in a fake news article mimicking Graphic Online. The scammers circulated it alongside doctored X screenshots to manufacture credibility.
“…Neither Patrick Awuah nor Ashesi University is associated with this or any similar platform. Please help protect our community by reporting it as fraudulent when encountered and encourage others who see it to do the same,” the university articulated.
It cited too-good-to-be-true promises, fake celebrity endorsements, and non-existent exchanges or wallets. Other red flags include urgency tactics to rush decisions, and demands for private keys or upfront payments.
A Variety report confirmed that deepfake-assisted fraud surpassed $200 million in losses in Q1 2025 alone. This figure highlights how fast scammers scale operations through generative AI and synthetic media.
As on-chain scams become more patient and AI deepfakes more persuasive, the crypto community faces a dual-threat environment unlike anything seen before.
“AI-powered scams are changing the crypto game. With deepfakes, voice cloning, and AI-generated phishing, scammers are raking in millions,” trader Crypto Frontline remarked.
CRO, the native coin of the Cronos Chain, is the top-performing crypto asset in today’s market, surging by 17% amid renewed bullish momentum.
The rally comes amid a broader uptick in trader sentiment and renewed investor enthusiasm following news that Donald Trump’s Media & Technology Group has filed for a new exchange-traded fund (ETF) featuring BTC, ETH, SOL, XRP, and CRO.
Trump Media’s Crypto ETF Gives CRO a Seat at the Big Table
On Tuesday, Trump Media & Technology Group filed for a new ETF called the “Truth Social Crypto Blue Chip ETF,” which will hold a portfolio of five cryptocurrencies: BTC, ETH, SOL, XRP, and CRO.
According to the SEC filing, 85% of the fund’s allocation would go to BTC and ETH, with SOL receiving 8%, CRO 5%, and XRP 2%.
Including CRO in this high-profile fund marks a potential turning point for the asset. The ETF will enhance its legitimacy and draw increased attention from retail and institutional players, pushing its value up as time passes.
ETF News Triggers First Spot Inflow in One Week
Excitement surrounding the ETF announcement has sparked renewed interest in CRO, driving up demand over the past 24 hours. According to data from Coinglass, CRO has just recorded its first daily net inflow into the spot market since July 3.
This marks a shift in momentum, signaling that the token’s double-digit price surge is fueled by actual buy-side pressure rather than speculative swings.
When an asset sees a spike in spot net inflow, more capital enters the market to purchase its tokens/coins than exits it through sales. For CRO, the return to positive spot net inflows suggests that investors are actively accumulating the token in response to its inclusion in the proposed ETF. This reinforces the upward momentum and hints at the potential for a sustained rally.
Moreover, CRO’s Relative Strength Index (RSI) suggests that buying pressure is far from exhausted. As of this writing, this key momentum indicator, which measures an asset’s overbought and oversold market conditions, is at 58.99.
The RSI indicator ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
CRO RSI readings indicate market participants prefer accumulation over distribution. If this trend continues, its price could continue to rise.
CRO Eyes $0.116 as Price Breaks Above 20-Day EMA
Readings from the CRO/USD one-day chart show the altcoin trading above its 20-day exponential moving average (EMA), indicating the bullish strength in the market.
An asset’s 20-day EMA tracks its average price over the past 20 trading days. When its price climbs above this level, it indicates a shift towards a bullish trend. It suggests that the short-term price momentum is turning positive, with recent prices trading higher than the average price over the past 20 days.
If the bullish trend holds, CRO could attempt to break above $0.0104. If successful, its price could extend its gains toward $0.116.
Mantra (OM) is up more than 10% in the past seven days, taking place as the second-largest Real World Asset (RWA) token by market cap. With a market cap of around $6.8 billion, OM is gaining momentum and attracting attention in the RWA space.
Technical indicators are flashing mixed signals, with OM’s RSI cooling off from overbought levels and Ichimoku Cloud structures remaining bullish. As OM trades near key resistance and support zones, traders are watching closely to see if it can extend its rally and set new all-time highs.
Mantra RSI Is Back To Neutral After Reaching Overbought Levels
The RSI is a momentum oscillator that measures the speed and magnitude of recent price movements to evaluate whether an asset is overbought or oversold.
Readings above 70 generally indicate overbought conditions, signaling that an asset could be due for a pullback, while readings below 30 suggest oversold conditions, potentially signaling a buying opportunity.
The Tenkan-sen is positioned above the Kijun-sen, reinforcing short-term bullish momentum, although the price recently pulled back after some upward movement.
The Chikou Span is also above the price action and the cloud, supporting the bullish outlook.
However, if the price starts to consolidate or dip toward the Tenkan-sen and Kijun-sen, it could signal a potential pause in momentum or a shift toward a more neutral trend if those levels fail to provide support.
If this pattern is confirmed and Mantra can regain the strong uptrend seen in past months, it could break through the resistance levels at $7.39 and $8.16.
A breakout above these areas could allow OM to test price levels above $9 for the first time ever, potentially setting new all-time highs and possibly making OM surpass Chainlink as the biggest RWA coin in market cap.
On the other hand, if the current bullish momentum fades, OM could decline toward support at $6.57.
A loss of this level could trigger further downside toward $6.15, and if bearish pressure persists, the price could fall as low as $5.85.
