GENIUS Act Heads To Floor Vote Today Amid Backlash Against Trump’s Crypto Empire

Monicah W

GENIUS Act Heads To Floor Vote Today Amid Backlash Against Trump's Crypto Empire

U.S. President Donald Trump’s much-talked-upon GENIUS Act is heading towards a final vote today. The bill, Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act of 2025, aims to roll out crystal-clear regulations for digital finance, especially stablecoins.

However, Democrats are still pushing for a delay while opposing the endeavor. Leaders like Sen Elizabeth Warren and Jeff Merkley have taken a public stand against the bill, deeming it to be an aid for Trump’s ‘corrupt crypto empire’.

GENIUS Act Races Ahead, But Democrats Push Back

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act of 2025 will face the floor test on May 8. Notably, the bill is a legislative proposal mandating the well-regulated use of stablecoins, whether it be for national reserve purposes or mitigating risks surrounding their use in illicit activities.

Interestingly, this stablecoin act was initially kicked off as a bipartisan legislative proposal through the Senate Banking Committee with an 18-6 vote. But as the bill banged the drums for Trump’s crypto empire, Sen Jeff Merkley and Sen Warren have recently stressed on X that this stablecoin act only aids the Republicans’ corrupt DeFi endeavor.

Sen Warren stressed that there is a clear conflict between the legislature and Trump’s USD1 Stablecoin, as she alleged President of gaining illegal profits from his cryptocurrency endeavors. The stablecoin act was pushed via the banking committee only weeks before the announcement earlier this month that WLFI (World Liberty Financial) received $2 billion from an Abu Dhabi-backed titan in return for its stablecoin.

Even Senator Bernie Sanders cautioned, “The GENIUS Act would undermine consumer protections, benefit criminal actors, and allow the Trump family to make tens of millions of dollars through crypto ventures.”

While this news already rang the alarms, another concerning news emerged right after: a dinner with the President for top $TRUMP token holders. Notably, an alarming number of foreign investors who hold a share in Trump’s meme coin will be attending the much-touted “dinner,” which was only for the top 220 investors. Gauging in on this aspect, renowned podcast host Tristan Snell urged caution, saying, “Trump’s crypto dinner is literally selling the power of the US president to the highest foreign bidders.”

While these broader events have ignited caution, Democrats continue to oppose the Republicans’ pro-crypto push. With tensions building up, the final vote on Thursday could turn into a showdown between the two parties.

The post GENIUS Act Heads To Floor Vote Today Amid Backlash Against Trump’s Crypto Empire appeared first on CoinGape.

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Binance CZ Urges Govt to Take a More Relaxed Approach to Crypto, Here’s Why!

The post Binance CZ Urges Govt to Take a More Relaxed Approach to Crypto, Here’s Why! appeared first on Coinpedia Fintech News

After running the biggest crypto exchange in the world, Binance’s Changpeng Zhao (CZ), who has recently been free from the guilty charges of money laundering after paying a $50 million fine. CZ has stepped into a new role of advising the government and asking “govt to take a more relaxed approach towards crypto.” 

Let’s find out why! 

CZ’s Message to Governments

Changpeng Zhao (CZ) has been working closely with government officials across Asia to shape the future of blockchain and digital assets.

During his recent visit to Kuala Lumpur, Malaysia, CZ spoke at the Ritz-Carlton, where he shared how countries like those in the Middle East have been successful in their crypto policies. 

“I always encourage governments to take a more relaxed approach.” He explained that when governments don’t over-regulate, businesses and technology can grow freely and thrive.

Middle Eastern Countries Leading the Way

CZ pointed out that Dubai is a great example of how a crypto-friendly approach can benefit a country. He shared that it only took him 24 hours to get a golden visa in Dubai. He further mentioned that Binance received a full operating license in Dubai in 2024. 

This shows that when a country supports crypto, it can help businesses grow and create opportunities.

U.S Softening Stance Towards Crypto 

CZ pointed out that the global attitude towards crypto is changing. He mentioned that since Donald Trump became president, the U.S. government has become more supportive of crypto.

These changes are encouraging other countries to take a similar approach, making it easier for crypto businesses to grow and succeed around the world.

The post Binance CZ Urges Govt to Take a More Relaxed Approach to Crypto, Here’s Why! appeared first on Coinpedia Fintech News
After running the biggest crypto exchange in the world, Binance’s Changpeng Zhao (CZ), who has recently been free from the guilty charges of money laundering after paying a $50 million fine. CZ has stepped into a new role of advising the government and asking “govt to take a more relaxed approach towards crypto.”  Let’s find …

Will Ethereum Price Reach $4500, Despite Inactive Retail Interest?

Ethereum Price

The post Will Ethereum Price Reach $4500, Despite Inactive Retail Interest? appeared first on Coinpedia Fintech News

After being stuck in the $2,500 range for the past few days, Ethereum price (ETH) has now finally broken above the $2,600 mark, It is now trading at $2636 with a 3% intraday rise.

The market participants are predicting another potential price rally, as it had displayed earlier this month. 

Even analyst predicts that the Ethereum price is poised for $2900 short term. While in the long term, another analyst predicts that the price could go to $8000. 

However, one cryptoquant analyst hints caution,  the rally might still be in its early innings, as Retail hasn’t entered the arena yet. Keep reading to know more.

Will Ethereum Price Rally Extend?

Ethereum price (ETH) has now broken above the $2,600 mark after taking solid support from the 200-day EMA band. It is igniting speculation about its rally to extend, which began earlier this month of May. 

With Bitcoin reaching an ATH, the hunger to get more gains is keeping the investors in a bullish mode, as a result, the broader crypto market is experiencing a bullish wave, and Ethereum appears set to capitalize on this bullish wave.

The recent rally this month, accelerated from $1,792 on May 8 to peaking at $2,695 on May 14, marked a pump of over 50% in just 7 trading day sessions. Now, as ETH price is hinting at a similar rally to come, one analyst suggest it could rise as high as $2,900 in this week before the month end, only if market dynamics are favorable. 

ETHUSD 1D Price Chart

However, another analyst remain highly optimistic about Ethereum’s long-term outlook, pointing to a strong bullish pattern forming on the monthly chart. They note that a multi-year support level has shaped a pennant formation, signaling a potential surge. 

Projections indicate that ETH could climb to $4,500 by 2025, and if it successfully retests this level, it may then set its sights on a multi-year target of $8,000. This milestone is expected to serve as a crucial launching pad for even greater gains in the future.

Besides, ETH crypto’s whale accumulations witnessed and low exchange reserves, also strengthening the conviction among large investors.

Analyst Suggest Caution, As Retailers Are Still Asleep

However, despite many expert analysts’ optimism, the caution still remains, as a CryptoQuant analyst said this Monday that since the pandemic, local tops were seen after strong retail activity.

But, in this year’s rally, Ethereum has shown a tiny flicker of retail interest, which was seen in the Q4 2024 rally, as it was advancing, Trump tariff drama flushed the gains in Q1 2025.

Analyst suggests retail crowd’s risk appetite could have dropped, and that’s why retail has not entered yet, and the analyst concludes that missing retail interest shows the rally might still be too early. But it also suggests that significant upside potential still exists for Ethereum when retail investors become more active.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

The post Will Ethereum Price Reach $4500, Despite Inactive Retail Interest? appeared first on Coinpedia Fintech News
After being stuck in the $2,500 range for the past few days, Ethereum price (ETH) has now finally broken above the $2,600 mark, It is now trading at $2636 with a 3% intraday rise. The market participants are predicting another potential price rally, as it had displayed earlier this month.  Even analyst predicts that the …

Inside Matchain’s Vision: Petrix Barbosa on the Future of Digital Identity and Data Sovereignty

In an engaging session during Paris Blockchain Week, BeInCrypto caught up with Petrix Barbosa, the innovative mind behind Matchain, a blockchain venture that’s reshaping how digital identity and data sovereignty are approached.

Barbosa, who transitioned from a successful career as a venture capitalist, where he managed investments across 250 projects, brings a wealth of experience and a unique perspective to the blockchain landscape. Petrix Barbosa’s insights reveal a compelling vision for the future of blockchain, focusing on user empowerment and innovative use of technology to solve enduring problems in digital identity and data management.

Petrix Barbosa Discusses Matchain and its Mission

Matchain is a layer 2 blockchain platform that primarily addresses the challenges of identity and data sovereignty. Our mission is to empower users by giving them control over their digital identities and data, thus ensuring that they’re the primary beneficiaries of their online presence.

Barbosa on His Pivot from Venture Capital

In my time as an investor, I witnessed many great ideas fail to reach their potential due to the lack of a substantial user base or poor market timing. This inspired me to transition from funding projects to creating a platform that not only serves my vision but also provides tangible solutions to widespread issues in the blockchain community—primarily, user engagement and application.

Matchain’s Innovations in the Area of Identity Sovereignty

Matchain introduces a novel approach to managing digital identity. Unlike traditional models where user data is siloed across various platforms, Matchain allows users to have a single digital identity that spans across both Web2 and Web3. This is crucial for enabling a seamless transition and interaction between these two worlds.

How Matchain Integrates Existing Web2 Infrastructure

Our platform acts as a bridge between the decentralized ecosystem of Web3 and the more traditional Web2 infrastructure. By allowing users to manage their digital identities across both platforms, we facilitate a smoother interaction that enhances user experience while maintaining high security and trust.

Future Developments From Matchain

Looking ahead, we aim to expand our user base significantly. Currently, we are backed by strategic partnerships, like the one with Paris Saint-Germain, which not only broadens our exposure but also integrates our technology into mainstream applications.

In the next two years, we plan to onboard millions of users, leveraging our innovative solutions to enhance their digital interactions.

Barbosa on Unique Challenges in Developing Matchain

The biggest challenge was shifting the focus from simply creating a blockchain solution to ensuring it was user-centric and capable of addressing real-world problems. This involved integrating AI to manage and analyze data effectively, ensuring that our platform could deliver personalized and contextually relevant experiences to users.

Matchain Over the Next Five Years

 In five years, I envision Matchain at the forefront of blockchain technology, leading the charge in digital identity management and data sovereignty. Our platform will likely become a critical tool for users and companies looking to navigate the complexities of the digital age securely and efficiently.

The post Inside Matchain’s Vision: Petrix Barbosa on the Future of Digital Identity and Data Sovereignty appeared first on BeInCrypto.