Cryptocurrency Market Update

Major cryptocurrencies have risen following the largest decline in private payrolls in over two years during September, indicating a weakening labor market. This trend coincides with a data blackout due to the ongoing U.S. government shutdown.

Blockchain Association Advocates for GENIUS Act

Summer Mersinger, CEO of the Blockchain Association, discussed a letter sent to Congressional leaders. The letter defends the GENIUS Act stablecoin bill, which was signed into law in July, emphasizing the association’s commitment to stablecoin regulation.