Saylor Says Strategy Buybacks Are Not a Priority as Cash Reserve Reaches $4.8 Billion

The U.S. Treasury Department has proposed key definitions and jurisdictional standards for implementing the GENIUS Act, a major step toward a federal framework for payment stablecoins. The proposal opens a 60-day comment window as regulators work through delayed rulemaking ahead of the law’s expected effective date.

The US dollar remained close to familiar levels after July inflation data matched consensus across headline and core measures. Softer jobs data and another decline in inflation have pushed more hawkish Federal Reserve expectations out of immediate focus.

The S&P 500 is fading after a recent record as long-dated Treasury yields climb to 19-year highs and challenge broad equity appetite. AI-linked strength remains visible, but elevated Brent crude and tighter debt costs are making the market more selective.