WhiteboardCrypto News - July 19

Welcome back to this week's edition of our WhiteboardCrypto Newsletter!

Congress passes first-ever U.S. stablecoin regulation

In a big move for crypto policy, the U.S. Congress passed the GENIUS Act (the first federal framework for dollar-backed stablecoins). The bill contains strict reserve rules, and allows both state and federal licensing paths. President Trump signed the bill last Friday.

Learn more here.


Crypto scams surge as Bitcoin’s reaches all-time high

With Bitcoin smashing past $120K, scammers are ramping up operations. From fake Elon Musk investments to deepfake livestreams of Trump pushing double-your-money schemes. Keep your eyes peeled, ask lots of questions, and stay skeptical with anything crypto-related.

Learn more here.


Pump.fun raises $600M in 12-minute ICO

Pump.fun, a viral platform for generating new meme tokens on Solana, raised $600 million in an ICO for its new PUMP token. The entire token sale sold out in 12 minutes, with plans to expand platform rewards, airdrops, and fee-sharing infrastructure. U.S. and U.K. investors were blocked due to regulatory uncertainty.

Learn more here.


Hedera goes big on real-world AI

Following a new partnership with Accenture to track AI use in government, Hedera's HBAR token saw record trading volume and whale accumulation.

Learn more here.

Thanks for reading and I hope you learned something!

- Theodore