Crypto News Roundup: Senate Passes Landmark Bill, Bitcoin Dips, and Major Exchange Delistings

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The U.S.

Senate just passed the GENIUS Act, a historic bill to regulate stablecoins and bring much-needed clarity to the

$250 billion market.

With bipartisan support, this bill aims to protect consumers and make payments faster and cheaper.

However, some Democrats warn it doesn't go far enough to prevent conflicts of interest, especially with President Trump’s

deep crypto ties.

As one senator put it, 'This is an unregulated area that will now be regulated.' The bill now

heads to the House, where more debate is expected.

Bitcoin took a hit, dropping nearly 4% as President Trump called for Iran’s unconditional surrender and warned Tehran

to evacuate.

The crypto market followed, with major coins and stocks sliding as geopolitical risks spiked.

Experts say, 'The sudden and severe escalation...prompted an immediate flight from risk assets.' If tensions ease, we could

see a quick rebound, but for now, volatility is the name of the game.

Thailand just announced a five-year tax break on crypto income, aiming to become a global financial hub.

From 2025 to 2029, capital gains tax on crypto sales through licensed platforms will be waived.

Officials hope this move will boost innovation and attract more traders, with the government estimating at least $30

million in new tax revenue down the line.

Crypto shakeup!

OKX, a major exchange, is delisting 16 trading pairs—including ALCX, NULS, and BORA—on June 20.

Users are urged to manage their holdings ASAP, as withdrawals will stop in September.

This move highlights the importance of staying updated on exchange policies to avoid sudden losses.

Big news for XRP holders: North America’s first spot-based XRP ETF launches on June 18 in Canada, giving

investors direct access to XRP.

Meanwhile, Shiba Inu saw over 11 trillion tokens traded in 24 hours, with open interest skyrocketing—though the price

dipped 5.6%.

The crypto market is as lively as ever!

That’s your crypto news roundup!

For more updates on the latest trends, regulations, and market moves, follow us for more crypto news!