#PowellRemarks

#GENIUSActPass 🤔 Everything you missed in a minute:

• The Senate is preparing for a final vote on the GENIUS stablecoin bill tomorrow, paving the way for discussion in the House of Representatives.

• Coinbase CEO Brian Armstrong is having talks with policymakers in London about the future of cryptocurrencies.

• Purpose Investments announces the launch of the Purpose XRP ETF on the Toronto Stock Exchange after receiving final approval.

• Cantor Fitzgerald analysts see $SOL as a logical choice as a treasury asset on Ethereum, citing developer growth.

• Eric Trump denies any involvement in the Tron project despite admitting he is the "biggest fan" of Justin Sun.

• The Securities and Exchange Commission and Ripple request the court to pause appeals pending a ruling on the pending proposal.

• Arthur Hayes warns that Circle's initial public offering might be the beginning of a "stablecoin mania" bubble.

• Ark Invest sells Circle shares worth $51.7 million after the stock price reaches record levels.

• Exchange-traded fund flows show purchases of $408.6 million in $BTC and $21.4 million in $ETH on June 16.

• Smarter Web raises $37.1 million to increase its stake in Bitcoin.

• SoftBank aims to raise $4.9 billion from the sale of T-Mobile shares.