Tech News
LAST UPDATE: July 19, 2025
Trump Signs GENIUS Stablecoin Act, Crypto Week Scores Major Wins
Dow Jones
President Trump signed the GENIUS Act into law, establishing a regulatory framework for fiat-backed stablecoins and marking a major milestone for the crypto industry.
Insight
This law offers clarity and legitimacy to stablecoins, encouraging institutional involvement but raising systemic risk concerns.
Global crypto assets hit $4t as industry wins backing of US lawmakers
The total crypto market reached $4 trillion as supportive legislation, including the GENIUS Act, fueled institutional investment and market optimism.
Insight
The surge reflects synergy between regulation and market growth, but also highlights new systemic and concentration risks amid institutional entry.
Why Banks Are on High Alert About Stablecoins
Banks are concerned that stablecoins could divert trillions in deposits, reducing their lending ability. The GENIUS Act may exacerbate this by enabling nonbank issuers to grow.
Insight
The story illustrates a potential destabilizing effect on traditional banking if stablecoins siphon deposits and undercut lending.
Xi Jinping warns Chinese officials against over-investment in AI and EVs
President Xi cautioned provincial governments against over-investing in AI and electric vehicles, warning of overcapacity and urging more sustainable planning.
Insight
This marks a policy shift toward quality over quantity, signaling central recalibration in China’s high-tech industrial push.
Meta Says It Won’t Sign EU’s AI Code, Calling It Overreach
Meta declared it will not sign the EU’s voluntary AI Code of Practice, citing legal uncertainty and regulatory overreach beyond the AI Act.
Insight
A major tech firm explicitly rejecting the Code illustrates the challenges of aligning EU ambitions with corporate compliance realities.
Nvidia Rally Shows Signs of Overheating as Gains Blow Past 80%
Nvidia’s stock has surged over 80%, but momentum indicators show overbought levels, suggesting a pullback may be near.
Insight
The steep runup signals investor exuberance, but technical warning flags urge caution amid broader market exposure to Nvidia.
