Circle has submitted comments regarding the implementation of the GENIUS Act, highlighting its potential impact on the crypto industry. Meanwhile, South Korean regulators have imposed a $24.35 million fine on Upbit's operator for undisclosed violations. In another development, Fomo, a cryptocurrency trading app, has raised $17 million in a Series A funding round led by Benchmark. Additionally, Tether has partnered with KraneShares and Bitfinex Securities to promote tokenized capital markets. Coinbase's CEO emphasized the benefits of tokenized assets, citing their potential for instant settlement and 24/7 availability.