Goldman Sachs and BNY Mellon are set to revolutionize the $7.1 trillion money market industry by allowing institutional investors to purchase tokenized funds through blockchain technology, enhancing transaction efficiency and investment opportunities.
In a landmark decision, Congress has passed the GENIUS Act, marking a major shift in the U.S. stance on cryptocurrencies. President Trump signed the bill into law, igniting excitement in the crypto sector, but critics warn of potential risks.
The Senate passed the GENIUS Act, aiming to regulate stablecoins and enhance consumer protection. While supporters believe it opens doors for innovation, critics warn of weak regulations and potential conflicts of interest tied to Trump.
