The GENIUS Act, aimed at regulating stablecoins, faces opposition from both Democrats and Republicans. Despite bipartisan support in the Senate Banking Committee, recent revisions have caused uncertainty. Senate Republicans are pushing for a vote, possibly to shift blame onto Democrats before the 2026 midterms.
The Celestia fire sparked widespread discussion about modular blockchains. In fact, modular blockchain has always been an important part of the application chain narrative and is not a new thing.