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šØ Crypto Recap ā May 22, 2025 šØ Bitcoin Hits New All-Time High: BTC surged to $109,565, surpassing its previous record from January, driven by optimism around U.S. crypto policies and the advancement of the bipartisan GENIUS Act. Hong Kong Passes Stablecoin Bill: Hong Kong's legislature approved a landmark stablecoin bill, establishing a licensing framework for fiat-referenced stablecoin issuers, aiming to enhance its competitiveness as a global digital asset hub. U.S. Senate Advances GENIUS Act: The U.S. Senate moved forward with the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, aiming to regulate the $248 billion stablecoin market and encourage mainstream adoption. Texas House Approves State-Run Bitcoin Reserve: Texas House passed SB 21 to create a state-managed Bitcoin reserve, reflecting growing institutional interest in crypto assets. TradingView Stay informed and ahead in the crypto space! š¹
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