america

The latest Core PCE data is in and it's sending immediate shockwaves across markets:
​YEAR-OVER-YEAR:
​Expected: 2.9%
​Actual: 2.8% (Cooler than expected)
​MONTH-OVER-MONTH:
​Expected: 0.2%
​Actual: 0.2% (Exactly in line)
​Cooler YOY inflation without a MoM surprise is exactly the kind of balanced print traders wanted — not too hot, not too cold. This keeps the Fed pivot narrative alive, strengthens risk-on sentiment, and gives bulls another reason to push momentum into the next session.
​🔥 Market reaction now hinges on how aggressively traders price in earlier rate cuts.
​The softening inflation trend continues — and that means volatility is about to kick up fast.
​#America $BTC $ETH $BNB

The GENIUS Act became law in July and now lawmakers want regulators to move quickly so the rules are ready on time. During a hearing in the House Financial Services Committee on the second of December members of Congress asked for clear updates. Republican member Bryan Steil said he only wants to make sure everything is finished before the deadline. He pointed out that in the past some laws were passed but the rules took too long to come out.

The GENIUS Act gives regulators one full year to write the final rules. The goal is July twenty twenty six with a possible extension into twenty twenty seven. The bill lays out how payment stablecoins should work in the United States. Each stablecoin must hold one to one backing in dollars or in very safe assets like Treasury bills. Large issuers with more than fifty billion dollars in coins must also publish yearly audits. Several federal agencies must then release clear guidance after they finish the rule making process.

The hearing included updates from the Federal Reserve the FDIC and the Office of the Comptroller of the Currency. These groups all play a part in turning the law into real rules that companies must follow. The chairman of the committee French Hill said he is proud of the progress so far. He said the United States needs clear and simple rules so the digital asset market can grow in a safe and open way.

The acting head of the FDIC Travis Hill said they are already working on their part of the rules. He said they plan to publish a proposal before the end of December and hope to complete it in early twenty twenty six. This includes rules on liquidity and capital for stablecoin issuers along with other key requirements.

Not everyone agrees on the best way forward. Democrat Bill Foster warned that interest paying stablecoins could hurt small banks. Maxine Waters raised another concern related to a possible conflict of interest involving the presidents family and their crypto holdings. These debates show that even with the law passed there are still questions about how it will shape the wider financial system.

For now regulators are under pressure to work fast. Lawmakers want the rules to be ready well before the deadline so the market has time to adjust. The GENIUS Act is a major step in setting stable standards for stablecoins and now the focus is on making sure the final details are simple clear and ready on schedule.

#America #TrumpTariffs #WriteToEarnUpgrade #CryptoNewss #cryptooinsigts