Stablecoin Regulation Bill Nears Passage In Senate, Trump’s Crypto Holdings U...
The US Senate is reportedly poised to approve significant legislation regulating stablecoins. This bill, known as the GENIUS Act—an acronym for “Guiding and Establishing National Innovation for US Stablecoins”—marks a pivotal moment for the crypto industry as it seeks to gain legitimacy and instill confidence among consumers. The legislation will soon move to the House […]
Related News
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 […]
On Tuesday, the Senate achieved a significant milestone in cryptocurrency regulation by passing the GENIUS Act, a landmark bill that sets the first federal standards for stablecoins. The legislation, which secured a 68-30 vote, creates a regulated pathway for private companies to issue digital dollars under the federal government’s oversight. New Era For Stablecoin Regulation […]
For the future of crypto regulation, the US Senate Banking Committee recently advanced the Guiding and Establishing National Innovation for US Stablecoins Act, commonly known as the GENIUS Act, with a bipartisan vote of 18-6. Sponsored by Senator Bill Hagerty (R-Tenn.), the proposed bill seeks to govern stablecoins which can facilitate cheaper and faster transactions […]
The Senate revived the GENIUS bill on Monday, after a procedural vote put the bill on track to receive the green light. Altcoins like Best Wallet Token could catch steam as a result. GENIUS was initially rejected by the democrats two weeks ago due to concerns relating to Donald Trump’s ‘crypto dealings.’ Dem Senator, Elisabeth […]
Who’s one step closer to regulating cryptocurrency use? Brazil is. The Senate Committee, more specifically The Committee on Economic Affairs, settled on a bill. Its aim is to regulate crypto transactions in Brazil. For the bill to become law, it has to be approved in the Senate plenary and then by the Chamber of Deputies. If it goes through those two hoops, the law goes into effect 180 days after publication. Related Reading | Stablecoin Supply Near $200 Billion, Faster Growth Than Rest of Crypto Even though regulation still seems far away, it’s good to remember that the bill started....