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Understanding the GENIUS Act: Crypto Regulation Explained

by News Editor

May 21, 2025

The crypto world witnessed a significant milestone as the Senate voted 66-22 to advance the GENIUS Act, a groundbreaking regulatory bill for cryptocurrencies. Notably, this bill aims to manage stablecoins, digital currencies linked to the value of assets like the U.S. dollar, by setting new standards and protections.

While the bill received majority support, some opponents remain concerned. Critics argue that it falls short in addressing potential conflicts of interest and may risk consumer and economic stability. However, proponents see it as a protective measure, ensuring that stablecoin issuers maintain a reserved asset base, thereby securing consumer interests and paving the way for stablecoins’ mainstream integration.

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The GENIUS Act not only aims to enforce anti-money laundering and anti-terrorism laws but also prioritizes coin holders for repayment in the event of bankruptcy, marking a potentially transformative era in digital finance.

Supporters, such as Christian Catalini from the MIT Cryptoeconomics Lab, believe it will foster competition and innovation in digital payments by enabling safer and more reliable financial transactions, opening the floodgates for new issuers in the digital currency space.

Cautious voices, including Sen. Elizabeth Warren, warn of lenient regulations that could give room for unethical practices, especially given Trump’s involvement in stablecoin dealings. This rings particularly true with recent revelations of World Liberty Financial’s stablecoin transactions linked to Binance investments.

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TikTok Elevates Songwriters With Enhanced Profile Features

by THEFUTURE.TEAM

July 18, 2025

Introducing Enhanced Visibility For Songwriters

TikTok is poised to transform the way songwriters promote their craft by integrating a suite of new features designed to highlight their musical works on the platform. Now in beta, the update includes a dedicated “Songwriter” label and a specialized profile tab that showcases their songs, allowing creators to build a more compelling narrative around their artistry.

Survey-Driven Innovation

The enhancements stem from extensive research, with TikTok surveying over 870 songwriters and conducting in-depth interviews to identify the key needs in profile building and monetization. Supplementary data from an independent study further confirmed that more than half of social media-savvy songwriters rely on TikTok for profile promotion. Such rigorous market research underpins TikTok’s commitment to driving tangible benefits for creative professionals.

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Selective Rollout and Strategic Partnerships

At present, only a limited group of publishing partners and songwriters have access to the new features. Interested parties must join a waitlist to take part in this initiative, emphasizing TikTok’s strategy of fostering an exclusive ecosystem that prioritizes high-quality content and strategic industry alliances.

Competitive Momentum In The Music Streaming Arena

TikTok’s new tools arrive at a time when competitors are also enhancing their songwriter engagement. Spotify, for instance, has been offering dedicated features for songwriters over the years, while Tidal recently expanded its offerings by introducing royalty tracking capabilities. Despite discontinuing its TikTok Music streaming service last year, the platform continues to serve as a vital hub for music discovery and artist promotion.

Empowering Creative Storytelling

“We are passionately committed to supporting songwriters at TikTok, which is why we built these tools to celebrate and elevate their work on our platform,” stated TikTok’s Global Head of Music Publishing Licensing and Partnership. By enabling songwriters to seamlessly integrate their musical narrative with their personal content, TikTok is not only enhancing profile visibility but also building a more engaging, multi-dimensional user experience.

As TikTok continues to innovate, these developments are set to redefine how songwriters connect with their audiences and manage their creative endeavors, reaffirming the platform’s role as a pivotal force in the digital music landscape.