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Senate Passes Landmark Stablecoin Bill, the Fed Keeps Interest Rates Steady, and Israeli Group Pulls Off $90M Hack of Iran’s Top Exchange

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The US Senate passes the GENIUS Act, setting the stage for House debate on stablecoin regulation.

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On June 20, 2025, Gemini reported that the US Senate passed the GENIUS Act, a landmark stablecoin bill, after weeks of debate. This legislation aims to establish a regulatory framework for stablecoins and is now set for discussion in the House. Additionally, the Federal Reserve decided to keep interest rates steady, and an Israeli group executed a $90 million hack on Iran's top cryptocurrency exchange.

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