An Elon Musk stablecoin? Democrats warn of a Big Tech crypto takeover. - MarketWatch
1. Trump's election initially encouraged BTCUSD due to expected relaxed regulations. 2. Recent downturns have seen BTCUSD losing gains amidst broader market issues. 3. The Senate's GENIUS Act may boost stablecoin adoption, affecting BTCUSD indirectly. 4. Skeptics express concerns over potential Big Tech monopolization of stablecoins. 5. BTCUSD has decreased nearly 8% in the last week amid market volatility.