In the latest crypto news, US stablecoin legislation is inching closer to a Senate vote. The GENIUS Act, which would govern stablecoin use, passed a key Senate vote by 68-30, setting the stage for further debate before a full floor vote. Senate Majority Leader John Thune emphasized the bill's potential to promote cryptocurrency in the US, aligning with views from supporters of expanding digital assets. In Ukraine, lawmakers have introduced a bill allowing the National Bank to add cryptocurrencies, such as Bitcoin, to national reserves, signalling a move towards integrating digital assets into the mainstream economy. Meanwhile, a significant Bitcoin software update slated for October will increase the OP_RETURN function's data limit from 80 bytes to 4 megabytes. This change aims to enhance Bitcoin's functionality but has sparked debates within the community about the implications of increased data storage on the blockchain.

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