Welcome, dear reader, to the US Morning Crypto News Briefing—where the world of digital money is as wild and wacky as a Wonka factory tour. 🍫
Grab your coffee (or perhaps a fizzy lifting drink) and prepare to dive into the madness of stablecoins, where new legislation has Italy’s economy minister sweating like a chocolate bar in the sun and TradFi giants like JPMorgan scrambling like Oompa-Loompas on overtime.
Stablecoins: The Chocolate Factory of Crypto
Stablecoins are the golden tickets of today’s crypto world, thanks to the GENIUS Act and STABLE Act. The GENIUS Act, a bipartisan masterpiece, balances state and federal oversight like a tightrope walker in a circus. It mandates 1:1 asset reserves, transparency, and anti-money laundering compliance—basically, it’s the Augustus Gloop-proofing of the crypto world.
Meanwhile, the STABLE Act is the Veruca Salt of legislation—strict, demanding, and ensuring no one gets away with anything. Together, these laws aim to protect users while fostering growth, paving the way for secure stablecoin adoption. 🏰
According to Standard Chartered, the new legislation, set to roll out in a few months, could send stablecoin volume into a frenzy. 🚀
“The volume of stablecoins outstanding is set to explode after the US passes legislation in a few months from now,” said Geoff Kendrick, Standard Chartered’s Head of Digital Asset Research, with the enthusiasm of a child finding a golden ticket.
Kendrick predicts stablecoins will skyrocket from $230 billion to $2 trillion by the end of 2028, requiring an extra $1.6 trillion of US Treasury bills to be held as reserves. That’s enough T-bills to wallpaper the entire Chocolate Factory. 🏦
“That is all of the planned new Treasury bill issuance over that period,” he added, as if he’d just discovered the Everlasting Gobstopper of financial predictions.
Italy’s Economy Minister Giancarlo Giorgetti shares this sentiment, anticipating stablecoin growth amid the Trump administration’s deregulation push. He’s as nervous as a squirrel in a room full of nutcrackers. 🐿️
Europe’s Sweet Tooth for Stablecoins
Speaking at a financial forum in Milan, Giorgetti expressed deep concern over the rise of US dollar-backed stablecoins. He acknowledged that stablecoins offer European citizens a convenient, banking-independent way to make cross-border payments—like a magical chocolate bar that teleports you across borders. 🍫✈️
However, he sees their growing adoption, particularly those backed by the US dollar, as a threat to the euro’s role as a global reference currency. He’s as worried as Willy Wonka would be if someone tried to steal his secret recipes. 🕵️♂️
“The general focus these days is on the impact of trade tariffs. However, even more dangerous is the new US policy on cryptocurrencies and in particular that on dollar-denominated stablecoins,” Giorgetti said, sounding like a man who’s just seen a Slugworth in the wild.
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Crypto Equities Pre-Market Overview
| Company | At Close April 15 | Pre-Market Overview |
| Strategy (MSTR) | $311.45 | $312.00 (0.26%) |
| Coinbase Global (COIN) | $176.58 | $177.58 (0.57%) |
| Galaxy Digital Holdings (GLXY) | $15.28 | $15.81 (+3.47%) |
| MARA Holdings (MARA) | $12.95 | $13.09 (+1.08%) |
| Riot Platforms (RIOT) | $7.01 | $7.04 (+0.43%) |
| Core Scientific (CORZ) | $7.06 | $7.13 (+0.99%) |
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2025-04-15 16:35