genius

According to Cointelegraph, the Federal Reserve recently solicited public comments on two regulatory proposals for the issuance of payment stablecoins under the "Genius Act."The new regulations aim to establish a framework for the issuance of regulated stablecoins through full reserve asset requirements and approval processes.

According to official news, Genius Foundation announced the launch of a new Launchpad platform genius.fun on BNB Chain, claiming it will be the first platform to support "unpacking" tokenized stocks and using them for the acquisition of real publicly listed companies. The platform is supported by Genius Foundation.

U.S. Treasury Secretary Scott Bessenet stated on social media: The CLARITY Act is crucial for ensuring that the United States wins the global new technology race. This is also the reason Congress passed the GENIUS Act, aimed at ensuring the construction of revolutionary financial technology infrastructure for stablecoins in the United States.Bessenet noted that ensuring the continued prosperity of the U.S. community banking sector has been a consistent focus since he took office. The government's dual emphasis on promoting the development of new digital technologies and appropriately adjusting community bank regulations is key to driving U.S. economic growth in both sectors. The final draft of the CLARITY Act advances this mission by granting the Treasury Secretary additional powers to take action when changes in the facts of deposit outflows adversely affect community banks.Bessenet stated: If stablecoins harm community banks, he will not hesitate to use these tools to ensure they are fully protected. Community banks are vital to the performance of the U.S. economy and Main Street growth; economic security is national security, and community banks play an important role in this principle.

Circle President and former CFTC Chairman Heath Tarbert stated at a hearing of the U.S. House Financial Services Committee that the GENIUS Act has established a federal regulatory framework for payment stablecoins, equivalent to building a "dollar layer" for the internet financial system. He urged Congress to next pass the CLARITY Act to complete the long-term regulatory framework for the "market layer" of digital assets.In addition, Tarbert also urged that the final implementation rules of the GENIUS Act should close the regulatory arbitrage space for offshore stablecoins, requiring intermediary institutions that actually serve U.S. customers to be subject to corresponding restrictions, and ensuring that foreign stablecoin issuers meet truly comparable regulatory standards.

Genius Group plans to restart its Bitcoin reserves with the funds raised from the issuance and aims to increase the reserve size to $827 million by 2031.

AI education company Genius Group, listed on the NYSE, announced a new plan to build dual vaults for AI and Bitcoin, aiming for total assets of $2 billion. The company previously liquidated all its Bitcoin in April this year to repay $8.5 million in debt.Genius Group first adopted a "Bitcoin-first" strategy at the end of 2024, with holdings peaking at 440 BTC, but due to a court injunction preventing financing, it was forced to reduce its holdings multiple times, leaving only about 84 BTC by February 2026. The company now plans to utilize a $1.2 billion SEC registration limit to issue perpetual preferred securities, with an initial fundraising target of $12.5 million. The funds will be allocated to the AI vault, Bitcoin vault, and cash reserves.This plan emulates the financing model of Strategy, which has raised over $16 billion through perpetual preferred shares for Bitcoin holdings. Genius Group stated that the excess returns generated from preferred capital will directly enhance the net asset value of common shareholders.

According to Globenewswire, Singapore-based Genius Group announced a capital plan aimed at funding its board-approved dual treasury. The goal is to achieve a total asset of $2 billion by fiscal year 2031, with the target size of the AI Treasury being $800 million and the target size of the Bitcoin Treasury being $827 million.The capital plan aims to maximize the net asset value per share (NAVPS) of common stock by utilizing perpetual preferred stock and minimizing dilution of common stock shareholders' equity. Genius Group plans to utilize its $1.2 billion shelf registration (which was declared effective by the SEC on July 18, 2025) to issue publicly registered perpetual preferred securities (PPS) to fund its dual treasury in an accretive manner, maximizing the net asset value per share (NAVPS) of common stock, and the issuance of PPS will not dilute the equity of common stock shareholders.The company plans to raise an initial $12.5 million through the issuance of preferred stock (PPS), which is expected to be non-convertible, with a floating interest rate paid monthly. The raised funds will be used to invest in the company's AI Treasury, Bitcoin Treasury, and a dollar reserve equivalent to approximately 18 months of preferred stock dividends. The company has begun discussions with investment banks experienced in preferred securities and digital asset financing, with final details and timing yet to be confirmed.

According to The Block, the Blockchain Association has submitted a letter of opinion regarding the stablecoin issuer rules proposed jointly by the U.S. Department of the Treasury's Financial Crimes Enforcement Network, the Office of the Comptroller of the Currency, and the Federal Reserve. The association supports limiting the Customer Identification Program (CIP) obligations to transactions where issuers directly face customers in the primary market, and it should not extend to peer-to-peer transfer activities in the secondary market.At the same time, the association calls on regulators to further clarify definitions such as "account," "customer," and "digital asset service provider," excluding one-time redemptions and other non-continuous businesses, and to avoid creating overlapping compliance burdens with anti-money laundering rules. The association stated that the implementation of the rules should balance stablecoin security, operability, and space for industry innovation.

On Wednesday local time, U.S. President Trump met with executives from cryptocurrency and fintech companies such as Coinbase, Ripple, Robinhood, Gemini, and Chainlink in the Roosevelt Room of the White House and delivered a speech in support of cryptocurrencies.Trump stated that his administration has "completely ended the war on cryptocurrencies," and the industry is thriving. The U.S. must maintain its "undisputed leadership" in areas such as Bitcoin, cryptocurrencies, prediction markets, and artificial intelligence, and is committed to becoming the "world capital of cryptocurrency."He mentioned that the U.S. government has discussed accumulating a "significant amount" of Bitcoin and other cryptocurrencies, stating that cryptocurrencies "greatly alleviate the pressure on the dollar." At the same time, he urged Congress to pass a "fair version" of the Clarity Act, claiming this would allow the U.S. to lead over China and other countries.Trump also noted that the SEC chairman is working to bring Hyperliquid to the U.S. market in a compliant manner; and reviewed the policy achievements of the signed Genius Act (stablecoin legislation), strategic Bitcoin reserves, and the prohibition of CBDCs.

Crypto journalist Eleanor Terrett stated that the head of the Office of the Comptroller of the Currency (OCC) mentioned at the SALT Conference in Wyoming that the approval activities related to digital assets have increased eightfold compared to the Biden administration, and described the previous administration's attempt to "eliminate risk" as "extremely shortsighted."She noted that the OCC expects to finalize the rules related to the GENIUS Act by November and will adjust the rules based on feedback from the crypto industry.

The U.S. Department of the Treasury has released a proposed rulemaking notice for the implementation of the GENIUS Act and is seeking public comments on the regulatory framework for payment stablecoins in the United States. The draft focuses on clarifying the applicable standards for "issuing payment stablecoins in the United States" and "offering or selling payment stablecoins to individuals within the United States," to assist issuers and digital asset service providers in determining licensing and compliance obligations.According to the provisions of the Act, starting from January 18, 2027, issuing payment stablecoins in the United States will generally require federal or state-level licensing; starting from July 18, 2028, digital asset service providers will generally be prohibited from offering or selling payment stablecoins issued by unlicensed issuers to individuals within the United States. The public comment period will last for 60 days following the publication in the Federal Register.

According to Bitcoin Magazine, U.S. Treasury Secretary Scott Bessent stated that the Treasury is rapidly advancing the implementation of the GENIUS Act. Bessent pointed out that the expected effective date of the Act is January 18, 2027, and the Treasury has begun arrangements accordingly.The GENIUS Act is an important federal legislation in the U.S. aimed at payment stablecoins, designed to clarify issuance, reserve, and regulatory requirements, providing a unified framework for compliant U.S. dollar stablecoins. Bessent's statement indicates that the U.S. Treasury is accelerating the preparation of supporting rules and execution in accordance with the statutory timetable to ensure the Act is operational before the effective date.

According to monitoring by Catcher Predict, in the market prediction on Polymarket for the event "Valorant: Cloud9 vs Evil Geniuses," the win probability for the "Evil Geniuses" option in the sub-market "Map 2 Round Spread: Evil Geniuses (-2.5) vs Cloud9 (+2.5)" has experienced significant fluctuations, rising from 50% an hour ago to the current 90.05% (a fluctuation of 40.05%). Please note the impact of relevant breaking news.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Valorant: Evil Geniuses vs MIBR (BO3) - VCT Americas Stage 2 Alpha Group," the sub-market "Map 2 Round Spread: MIBR (-10.5) vs Evil Geniuses (+10.5)" has seen a dramatic fluctuation in the win rate of the "MIBR" option, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of related breaking news.

According to BBX data, over the weekend, cryptocurrency concept stocks faced two significant substantive events related to publicly listed companies, with the core dynamics as follows:Bitcoin Depot Inc. (Nasdaq: $BTM, bankruptcy proceedings ongoing) completed all executive termination arrangements announced in its Chapter 11 bankruptcy restructuring process on July 17. According to the Form 8-K submitted to the SEC on May 18, 2026 (disclosed under the Worker Adjustment and Retraining Notification Act, WARN Act), the company issued layoff notices to all employees and executives immediately after filing for bankruptcy on May 17, with last Friday being the "expected effective date." Bitcoin Depot is one of the largest Bitcoin ATM operators in the United States (with over 7,000 machines in the U.S. and Canada at its peak), and its bankruptcy is one of the most representative cases of the collapse of a cryptocurrency infrastructure company during the 2026 bear market. The corresponding regulatory background includes: CFPB's enforcement pressure on cryptocurrency ATM service fees, tightening licensing requirements for cryptocurrency ATMs in various states, and a decline in retail cryptocurrency purchase volumes due to the bear market. Meanwhile, industry-wide pressures faced by similar companies providing ATM cash-to-crypto services, such as Coinstar, Coin Cloud, and PaySign, are also intensifying. Documents related to the restructuring process have been made public on the Kroll (claims agent) platform, and creditors can track progress at restructuring.ra.kroll.com/bitcoindepot.SoFi Technologies, Inc. (NASDAQ: $SOFI), as the only stablecoin directly issued by a U.S. national bank regulated by the OCC (SoFi Bank, N.A.), launched SoFiUSD on May 27. Over the weekend (July 18), it became the most direct regulatory test subject under the new framework as the deadline for the GENIUS Act regulatory agency's Customer Identification Program (CIP) rules approached. Regulators must finalize the CIP rules for the GENIUS Act by July 18, clarifying which stablecoin issuers can legally operate in the U.S. and the BSA/AML standards they must meet; there is a risk that the complete rule text may not be produced on time (there is a risk of delay), but even partial clarification of the framework will have a direct impact on SoFiUSD. SoFi's advantage lies in the fact that, as an issuer holding an OCC national bank charter, SoFiUSD falls under the category of "federally chartered stablecoin" in the GENIUS Act classification system, theoretically eligible for the most favorable regulatory treatment; Q1 2026 cryptocurrency trading revenue was $121.6 million, with a net income of approximately $852,000 after deducting costs in the cryptocurrency division. The stablecoin business is still in the early stages of strategic layout, with limited revenue contribution in the short term, but the establishment of the regulatory framework will determine the mid-term commercialization path.

One year ago, U.S. President Donald Trump signed the "Guiding and Establishing National Innovation for U.S. Stablecoins Act," known as the GENIUS Act, marking the first time the U.S. initiated the construction of a federal regulatory framework for stablecoins. The GENIUS Act requires federal regulatory agencies to establish governance rules for stablecoins, covering issuer reserves, governance, and operational requirements.Relevant details are still being developed by agencies such as the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.