A New Era Of Fair Finance? GENIUS Act, Stablecoins Could End Bank Exploitatio...
Multicoin Capital’s co-founder says a new law could redraw how Americans keep and earn on their cash, and banks may feel the heat. Tushar Jain said the GENIUS Act could mark “the beginning of the end” of low interest for everyday savers, offering an opening for stablecoins and tech firms to compete for deposits. Related […]
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According to reports, the Bank of Russia is planning a large-scale audit of the nation’s cryptocurrency holdings and activity in early 2026. Related Reading: A New Era Of Fair Finance? GENIUS Act, Stablecoins Could End Bank Exploitation, Expert Says The review is described as a broad check that would gather data from banks, crypto firms, […]
The Federal Deposit Insurance Corporation (FDIC) has announced a new framework that outlines how banks can apply to issue payment stablecoins through subsidiaries as part of the implementation of the country’s stablecoin bill, the GENIUS Act. FDIC’s First Move On GENIUS Act In a statement, Acting Chair Travis Hill emphasized that the proposed process is […]
The European Union (EU) is reportedly planning to shift oversight power of key financial market areas, including crypto, from national authorities to a centralized supervisory authority to help boost the bloc’s capital markets and harmonize regulation. Related Reading: A New Era Of Fair Finance? GENIUS Act, Stablecoins Could End Bank Exploitation, Expert Says EU Eyes […]
The United States Treasury Department has opened a request for public comment on the implementation of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The GENIUS Act, signed into US law in July, was designed to provide a regulatory framework for stablecoin issuers. This latest call for public input comes exactly a […]
The Vice President of the St. Louis Federal Reserve Bank in the United States, David Andolfatto, has come out with a 36-page slideshow/report on the topic of bitcoin. Now, if you have a few minutes, you'll probably want to take a look at it (it's very quick to get through). Based on my review of the report, I find it to be mostly fair. The report calls bitcoin "A stroke of genius", informing readers that it is a monetary system governed by complex algorithms. In addition, the report recognizes that banning bitcoin is next to impossible. A specific point I feel is spot-on about this report....