This week saw several significant developments in the cryptocurrency landscape, including the signing of a stablecoin bill by the U.S. president, insights into spending habits across generations, and a prominent business figure's reflections on XRP sales.
Trump Signs Stablecoin Bill
U.S. President Donald Trump signed a bill related to cryptocurrency and blockchain known as the GENIUS Act. The signing ceremony featured many high-ranking representatives from the crypto industry, including executives from Kraken, Gemini, and Coinbase.
Crypto Spending Across Generations
Cryptocurrency payments are gaining traction among various age groups. A Bitget survey revealed that 39% of Gen Z users spend crypto on gaming, and 36% engage in daily purchases. Meanwhile, Gen X leads in high-value spending on travel and real estate.
Dave Portnoy Regrets Selling XRP
Barstool Sports founder Dave Portnoy expressed regret for selling most of his XRP holdings just weeks before the cryptocurrency reached new highs. In a video shared on platform X, he lamented that he could have made millions and regretted his decision.
This week highlighted significant shifts in perceptions toward cryptocurrencies both among governments and users. The stablecoin bill, rising crypto spending, and the reflections of notable figures emphasize the dynamic and complex nature of the crypto industry.
