Challenges In Stablecoin Law Stalls Senate’s Progress On New Crypto Bill – Re...
According to a recent report by Roll Call, US Senator Cynthia Lummis, an advocate for digital assets in Congress, is delaying the upcoming crypto market structure bill as the Senator is reluctant to revisit a provision from the recently passed GENIUS Act, which prohibits stablecoin issuers from offering interest payments. Lawmakers Split Over Crypto Interest […]
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The largest US federation of trade unions has asked US Senators to reject the Senate’s version of the crypto market structure bill due to serious concerns and a lack of proper safeguards for workers. Related Reading: Bank Of England Eyes Exemptions To Controversial Stablecoin Cap Proposal – Details Senate’s Crypto Bill Faces Backlash On Tuesday, […]
US President Donald Trump has thrown his weight behind the Senate’s stablecoin bill, calling it “pure GENIUS” and urging the House to pass it “lightning fast.” Related Reading: E‑Commerce Meets Crypto: China’s Digital Marketplace Eyes Stablecoin For Faster Payments According to his Truth Social post, the Senate “just passed an incredible Bill” that will make […]
Silicon Valley investors including Ashton Kutcher have come out in opposition to New York’s part ratification of a bill banning peer-to-peer (P2P) accommodation site Airbnb. Airbnb ‘Dangerous’. The bill, which was passed by Senate and now goes before Governor Andrew Cuomo, bans the advertising of entire apartments, which politicians say is “dangerous.”....
Time to Make Stablecoins Great Again – unless you’re Tether. The world’s largest stablecoin, with a $120B market cap, looks like it could be left hanging after the US Senate moved to introduce the GENIUS stablecoin bill. The bill focuses heavily on improving protections for US consumers, and edges the playing field for US-domiciled stablecoin […]
Pro-crypto organization Coin Center is pushing against a new legislative bill targeted at regulating stablecoin use and operations. In a public statement released on Friday, the US-based advocacy group heavily criticized the Lummis-Gillibrand Payment Stablecoin Act, describing it as “unconstitutional” and anti-innovation. Related Reading: ‘Ethereum Wins Big’ With New US Stablecoin Draft Bill: Expert Latest […]