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U.S. Markets Soar as GENIUS Act Boosts Crypto

7/18/2025

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Summary

Story summary

U.S. markets surged following the House's approval of the GENIUS Act, improving cryptocurrency regulation.
The S&P 500 climbed 0.54%, with Bitcoin hitting a record high above $120,000.
Netflix's strong earnings lifted its stock, while Coca-Cola navigated ingredient modifications.
Tensions escalated between the Fed and pro-Trump officials over interest rate policies.
Tesla's stock remained flat as rival Lucid teamed up with Uber for electric vehicle growth.

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Story summary

U.S. markets surged following the House's approval of the GENIUS Act, improving cryptocurrency regulation.
The S&P 500 climbed 0.54%, with Bitcoin hitting a record high above $120,000.
Netflix's strong earnings lifted its stock, while Coca-Cola navigated ingredient modifications.
Tensions escalated between the Fed and pro-Trump officials over interest rate policies.
Tesla's stock remained flat as rival Lucid teamed up with Uber for electric vehicle growth.