On July 17, the US House of Representatives voted 308-122, in favour of the Genius Act. This law is currently heading towards the president Trump’s The desk potentially sets the stage for the first clear federal rules regarding digital tokens for dollar pegs.

Stablecoins are in the spotlight

Genius act I’ll layout it a Simple Rules: All Stablecoins must provide one-to-one support for cash or liquid assets. and Issuers must create these reserves public. Supporters say This helps prevent another terra-style meltdown give US users use coins whenever possible actually trust.

Tomorrow Friday at 2:30pm EST

The moments of history are recorded for history

Signing ceremony for industry leaders and lawmakers is there to witness Trump

Signing the Genius Act https://t.co/ixrrl0a92y pic.twitter.com/pjjlqxlveo

– Majeed July 17, 2025

Movement too answer Increased pressure from Crypto supporters ask For clearer rules Around it Transparency and security.

3 invoices, 1 big push

Stablecoin Bill is part of a wider package. Alongside the Genius Act, the House has passed the Clarity Act and the CBDC Surveillance National Act. By giving Clarity Act more control over the crypto market to the CFTC, the CBDC bill aims to block the Federal Reserve’s digital dollar efforts. Republicans have moved all three forward while they’re doing Called “Crypto Week,” A set of coordinated legislative measures aimed at rewriting Country An approach to digital assets.

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Trump’s Cryptographic Pivot

President Trump is openly supporting him Crypto Over the last few months, he has revealed what he wants look It is led by the United States. Signing a genius act will help him to show a follow-through to that message.

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It’s in contrast to the previous one Administration A more cautious approach is hard to overlook, and Trump has embraced crypto policy as a wedge issue heading into election season.

Not everyone It’s for sale

Not everyone praises it. Representatives like Maxine Waters and Elizabeth Warren, building Lack of stronger protections. They also flagged potential conflicts of interest, noting that some members of the Trump family have connections with crypto companies. Meanwhile, trade groups see the bill as a welcome signal that Washington is willing to engage rather than ultimately limit it.

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The Senate is still playing

The Genius Act has already passed the Senate, but the other two bills still need to clear that room. The big question now is whether Senate leaders will track them quickly or if they’ve got stuck. in any case, The results can determine how much regulatory clarity the crypto market will become Get it before the next election.

What the market thinks

Traders saw this coming. Bitcoin was already stable when the bill was passed prior to the vote. Analysts say the next stage will depend on what happens in the Senate. Congress continues and when the president signs all three bills, it opens the door to new capital flowing into space. especially From the institution that stayed on the bystanders.

I’ll summarise that

The act of genius could be the beginning of a new phase in US crypto policy. It sets precedents on stubcoin, indicating that lawmakers are beginning to take digital assets seriously. but The actual test will be what happens next and whether the Senate and the White House will be able to do turn around This momentum towards lasting law.

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Gunzilla Games has shared a detailed update on the state of its GUNZ blockchain ecosystem, coinciding with preparations for the upcoming Steam release of its multiplayer shooter—Off The Grid. The studio has initiated a wave-based migration of players to mainnet, marking a significant shift toward on-chain asset ownership within its gaming platform.

This update forms part of a new monthly reporting initiative by Gunzilla, aimed at providing clearer insight into development milestones, ecosystem activity, and regulatory progress. According to the studio, June marked the start of a “new phase of growth” for the GUNZ ecosystem following months of limited public communication.

Alongside the blockchain developments, Off The Grid has received several gameplay updates and is confirmed to be launching on Steam in July. Due to Steam’s current policies on blockchain integration, the PC version will use testnet rather than mainnet features for the time being.

Gunzilla Games is also finalising regulatory licensing and expanding the reach of its token through a new partnership, all of which will feed into the studio’s broader strategy to establish a compliant, scalable blockchain gaming platform.

Key Insights

• 21,000 players have been migrated from testnet to mainnet, with full migration planned
• Asset activity on mainnet includes over 413,000 HEX decodings and $12.9 million in $GUN volume
• Validator NFTs are now live, with the majority of 10,000 nodes operational
• VASP licensing is nearing completion, which will enable broader access to mainnet features
• Off The Grid launches on Steam in July 2025, using testnet to comply with platform policies
• OTG Gameplay updates include new arenas, a new weapon, and changes to weapon handling
• A web3-focused roadmap and further announcements are expected starting July 4

What’s happening in the GUNZ ecosystem?

Gunzilla Games has begun migrating players to the GUNZ mainnet, allowing them to retain and manage their in-game assets on-chain. The first 21,000 users have already been transitioned, with plans to eventually move all 17.3 million wallets. This migration is being carried out gradually to meet compliance standards and monitor any technical issues. With this shift, users gain permanent ownership of their items, including weapons, skins, and earned loot. In terms of mainnet activity, the studio reports 413,000 in-game asset decodings and a total marketplace volume of $12.9 million in $GUN tokens so far.

The company is also close to securing its Virtual Asset Service Provider (VASP) licence. Once granted, this will allow Gunzilla to open up mainnet access more broadly to its player base.

Additionally, Validator NFTs—which function as nodes in the ecosystem—have also gone live with most of the 10,000 available nodes already active and producing in-game assets. More information about how validator rewards will scale is expected in future reports.

In terms of infrastructure expansion, Gunzilla has entered a partnership with decentralised exchange Blackhole to introduce $GUN token pools on Avalanche, though the launch date has not yet been announced.

What’s new in Off The Grid?

Off The Grid—Gunzilla’s extraction-based multiplayer shooter—is scheduled to arrive on Steam in July. However, because of Steam’s policy on blockchain content, the PC version will operate using the testnet version of GUNZ. Blockchain features will remain active on console platforms, where they have already been integrated on PlayStation 5 and Xbox Series X/S.

In the June development report, Gunzilla also outlined several gameplay changes including a new 20-player free-for-all deathmatch mode and four additional arenas: Marshlands, Midtown Harbour, Stork City, and Ocio. A new melee weapon, the Cyberlancer, has also been added.

The update also introduced gyro aiming support for PC and PS5 users, along with the option to toggle between first- and third-person scopes for certain optics.

Finally, all weapon classes have undergone changes to recoil and spread behaviour, aiming to rebalance time-to-kill values and ammo dynamics. The Kestrel sniper rifle now features new attachments and improved fire rate, whilst other weapons such as the AZV100 have been adjusted for balance.

What’s next for the Gunzilla Games?

Gunzilla plans to publish a new web3-focused development roadmap in the coming weeks, detailing upcoming features and updates across the GUNZ ecosystem. The studio also indicated that additional announcements and feature reveals will begin from 4 July onwards.

Player assets earned during testnet participation are expected to carry over once full migration to mainnet is complete.

In the meantime, Off The Grid remains available in early access for PlayStation 5, Xbox Series X/S, and PC devices.

A major shift is coming to the US government’s approach to cryptocurrency. United States President Donald Trump is set to host the first-ever White House crypto summit on March 7, 2025.

The event is expected to bring together key figures in the industry, including investors, CEOs, and government officials. This marks a significant move for Trump, who has previously been critical of Bitcoin and other digital currencies.

Summit To Bring Together Industry Leaders

Trump’s crypto summit will include discussions with high-profile figures from the digital asset sector. Members of the President’s Working Group on Digital Assets will also be present. Venture capitalist David Sacks has been chosen to lead the event, and Bo Hines will serve as the executive director of the working group.

FOX Business reporter Eleanor Terrett verified this news. On Friday, March 7, Terrett announced in her X post that the first White House summit would take place.

NEW: The @WhiteHouse and @realDonaldTrump will host its first ever Crypto Summit next Friday, March 7 featuring CEOs, investors and members of the Presidential Working Group on Digital Assets including @davidsacks47 and @BoHines. pic.twitter.com/psFr5CzY8v

— Eleanor Terrett (@EleanorTerrett) March 1, 2025

The event could indicate a change in the government’s stance on cryptocurrency. Many in the industry have been pushing for clearer regulations. With this summit, Trump appears to be listening to those calls. The discussions will likely cover regulatory policies, innovation, and potential economic impacts of crypto.

A Different Stance On Digital Assets

Trump made no secret of his doubts about Bitcoin during his first administration. He labeled it a scam in 2019 and claimed it was based on a fictitious story. His readiness to host a crypto symposium now points to a more flexible strategy. Although his team has not yet disclosed specific policy changes, holding an event of this nature suggests that things may be about to change.

With regard to cryptocurrency regulations, the Biden administration had adopted a more stringent stance, stepping up oversight of exchanges and enforcing compliance guidelines. Trump might make the US more business-friendly for cryptocurrency companies if he took a more positive stand.

Trump Organization Eyes Crypto Expansion

The Trump business enterprise is also looking into the world of digital assets, not just politics. Today, the Trump Organization applied for a trademark for the word “TRUMP” in order to start an NFT and metaverse trading tool. This shows that Trump thinks blockchain-based companies can be useful.

Traders have had a range of responses to NFTs and metaverse projects. There are people who think they are the future of internet ownership and people who don’t. With his move to get involved in this area, Trump’s relationship with cryptocurrency is changing in more ways than one.

What This Means For Crypto In The US

Trump’s summit may help to clarify the current regulatory discussions. Leaders in the industry anticipate stronger growth prospects and more benevolent policies. How much of an impact the meeting will have on actual laws and regulations is yet unknown, though.

The event is anticipated to garner a lot of attention and will take place in Washington, D.C. This could be a turning point for the US crypto business, as regulations are still a heated topic.

Featured image from Pexels, chart from TradingView

Utah’s House of Representatives on February 6 passed House Bill 230 (HB 230), informally referred to as the “Strategic Bitcoin Reserve” bill, by a narrow margin of 38 votes in favor, 34 against, and 3 not voting. HB 230 will now advance to the Senate, where its fate hinges on another vote before ultimately reaching the governor’s desk.

Utah Leads The Bitcoin Reserve Race

Officially titled the “Blockchain and Digital Innovation Amendments,” HB 230 permits the Utah state treasurer to invest up to 5% of designated public funds in qualifying digital assets. These assets, as the bill stipulates, must either possess a market capitalization exceeding $500 billion or be approved stablecoins.

Security requirements are embedded in the legislation, mandating that any digital assets acquired be custodied through qualified custodians, exchange-traded products, or other regulated entities. Additionally, the bill allows for staking and lending of these assets under defined guidelines to ensure risk management and legal compliance.

A noteworthy section of the bill protects Utah residents’ rights to hold and control their own digital assets, effectively shielding lawful cryptocurrency usage from state or local government restrictions.

The close margin of the House vote—38 “Yes” to 34 “No”—signals both robust support and significant opposition. Representative Jordan Teuscher, who introduced the bill on January 21, secured initial backing in the Utah House Economic Development Committee, where the measure passed 8-1 on January 28.

With House approval now secured, HB 230 moves to the Senate. Should it pass that chamber, the bill will await consideration from Governor Spencer Cox, who has historically shown support for blockchain-based initiatives.

Dennis Porter, founder and CEO of Satoshi Action Fund, has been a crucial figure of US states introducing strategic Bitcoin reserve bills. Announcing the news on January 6 via X, Porter said, “MASSIVE BREAKING: The ‘Strategic Bitcoin Reserve’ bill has officially PASSED the House in the state of Utah – The bill now moves onto the Senate!”

He emphasized the significance of Utah’s position, noting that this is the first time an SBR (Strategic Bitcoin Reserve) measure has successfully cleared a full chamber vote.

In a video statement on X, Porter elaborated: “The Strategic Bitcoin reserve bill has just passed the House in the state of Utah. This is a huge movement that we’ve been waiting for for a long time. At Satoshi Action, we’ve been working overtime to make sure that these bills actually make it across the finish line. We don’t just work on the model policy. We don’t just work on getting it introduced. We also work hand in hand with those lawmakers to make sure that they are able to get this across the finish line.”

Porter further praised Utah as “a clear leader on financial policy” and highlighted the state’s strong track record in various economic sectors: “This is a huge moment for Bitcoin, as Utah is a clear leader on financial policy. They rank on all types of different metrics. They are the best at so many different things. And now they are the first to get it across the finish line.”

Although the bill’s language encompasses digital assets over $500 billion in market cap, Porter addressed why Bitcoin itself is not named outright. In response to a user on X, he said: “Please read the bill. Only bitcoin qualifies. See the bill text below. We intentionally draft it this way because it DRAMATICALLY increases the odds the bill will become law. Do you want states to buy bitcoin? Our approach is the most effective path.”

Utah’s progress marks a pivotal moment in the broader national dialogue on state-level Bitcoin reserves. According to bitcoinlaws.io, 17 US states have introduced similar SBR measures.

Arizona is closest on Utah’s heels. The “Strategic Bitcoin Reserve Act” (SB1025), co-sponsored by Arizona’s Senator Wendy Rogers and Representative Jeff Weninger, cleared the Senate Finance Committee on January 27 and awaits a House vote.

Meanwhile, on February 4, New Mexico joined the fray with Senator Ant Thornton’s SB57, underscoring an intensifying race among states to adopt Bitcoin-friendly policies.

At press time, BTC traded at $97,248.

Featured image created with DALL.E, chart from TradingView.com