<ul><li>The U.S. SEC has dropped its lawsuit against Binance and Changpeng Zhao, signifying a shift towards a pro-crypto stance by the U.S. government.</li><li>The GENIUS Act, aimed at regulating stablecoins in the U.S., has passed in the Senate with key provisions such as fiat reserves, audits, and licensing, expected to become law soon.</li><li>Hong Kong has implemented a stablecoin licensing law to provide regulatory clarity and attract global crypto firms, aligning with its goal to be a Web3 innovation hub.</li><li>Nigel Farage's Reform UK proposes pro-crypto legislation for London, including a capital gains tax on crypto and policies to establish the city as a global crypto hub.</li></ul>

Crypto News Today – May 2025 Roundup: What's Coming in June?

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