Congress Nears Approval of Crypto Market Legislation

The post Treasury opens comment period to shape GENIUS Act into stablecoin regulation appeared on BitcoinEthereumNews.com. The U.S. Treasury Department launched a formal process to transform the newly enacted GENIUS Act into a framework of regulations for stablecoins, inviting the public and crypto industry to weigh in on key compliance issues. The department opened an advance notice of proposed rulemaking on Sept. 18, the first step in gathering feedback before drafting detailed rules. The move gives businesses, policymakers, and the public until Oct. 20 to respond to dozens of questions, including how issuers should custody reserves and how U.S. oversight compares to emerging foreign regimes. Illicit finance and oversight The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, signed into law earlier this year, was the first major U.S. crypto legislation. The law directs Treasury and other agencies to establish standards for issuers, clarify tax treatment, and enforce anti-money laundering and sanctions compliance. Treasury officials highlighted that the rules must balance state and federal oversight while building mechanisms to detect illicit finance. The notice follows a separate request for input last month focused on anti-money laundering risks in digital assets. The public comment period also covers whether additional clarity is needed for reserve asset custody, how prohibitions on issuers should be structured, and how international frameworks should interact with U.S. regulations. Political and market context Republicans in Congress and federal regulators aligned with President Donald Trump have pressed for rapid rulemaking to position the United States as a global hub for digital finance. Lawmakers are also advancing a broader market structure bill, the Digital Asset Market Clarity Act, which has cleared the House and is under Senate discussion. Meanwhile, the industry is monitoring the economic backdrop, and some have raised concerns over whether it will continue to grow at its current pace. JPMorgan analysts recently cautioned that growth in stablecoins may plateau unless the overall…

The post MAGACOIN FINANCE Surpasses $14M With Whale Inflows appeared on BitcoinEthereumNews.com. MAGACOIN FINANCE Crosses $14M With Whale Support The momentum around MAGACOIN FINANCE has been building all year, but the presale just delivered its biggest headline yet: more than $14 million raised, with large-scale investors from the DOGE and XRP ecosystems among those joining in. The figure establishes MAGACOIN FINANCE as a major player in the crypto market through its position as one of the most notable presales of 2025. The market environment of investors currently seeks projects that demonstrate both market performance and public interest, and MAGACOIN FINANCE has achieved this goal. The scale of inflows has already exceeded many expectations, and the names now joining are adding fuel to the fire. Whale Inflows Push Presale Higher The most surprising aspect of the presale campaign is the diverse group of people who have joined the effort. Reports show multiple whale wallets associated with DOGE and XRP holders are participating in the MAGACOIN FINANCE presale. The market draws retail investors who boost demand because professional capital starts investing at the beginning of the market. Whales tend to stay away from random trading activity before a sale occurs. The investors choose to support projects which have strong tokenomics and established structures and already exhibit growth potential following the presale phase. MAGACOIN FINANCE enters the presale because investors believe it will achieve success after its market listing. Structured Presale, Rapid Demand MAGACOIN FINANCE achieves its main progress through the implementation of its structured presale model. The system runs allocation rounds which define particular limits to generate an urgent feeling of requirement. The first sales batches sold out rapidly because each successive funding round increased prices which drove investors to invest before prices rose further. The $14 million threshold indicates that MAGACOIN FINANCE has surpassed the typical presale completion point which most projects stop…

Last quarter, I watched a director of engineering at a Series B startup spend three weeks trying to fill a temporary Senior Backend Engineer role. The rate? $89