Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, US Treasury Secretary Scott Bessent compared the GENIUS Act’s stablecoin regulations to Abraham Lincoln-era banking reforms, French authorities proposed holding crypto platforms liable for certain DeFi incidents and Elon Musk backed the idea of a Tesla-SpaceX merger that could create a $3.5 trillion technology giant.

US Treasury Secretary Scott Bessent has compared the newly finalized stablecoin regulations under the GENIUS Act to President Abraham Lincoln’s banking reforms, as the Office of the Comptroller of the Currency (OCC) prepares to enforce federal rules for stablecoin issuers in January 2027.

In a Wednesday post on X, Bessent described the legislation as a “watershed moment in American finance,” drawing parallels with the National Currency Act of 1863, which created a federal system for nationally chartered banks to issue currency.

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