Recent stablecoin market summary and Bitcoin and Ethereum price forecast: Policy core: The STANBLE Act or GENIUS Act is expected to be passed in Q3 2025, establishing a 1:1 reserve, AML, and bank level regulatory framework. Trump's executive order prohibits CBDCs and supports the global development of US dollar stablecoins, aiming to consolidate US dollar hegemony, promote innovation, and prevent illegal activities. • Impact on the cryptocurrency industry: •