Latest News and Articles about GENIUS Act
Tron ETF Filing Sparks Hope as Banks Eye Stablecoins and Altcoins Surge
Regulatory Shifts and Altcoin Buzz: Tron ETF Filing, Bank Stablecoins, and Four Tokens on the Radar Major developments are unfolding in the cryptocurrency space as regulatory barriers show signs of easing and traditional financial giants dip their toes into blockchain waters. The SEC’s acknowledgment of a Tron staking ETF, U.S. banks exploring a joint stablecoin, […]
Read MoreU.S. Banks Set to Launch Stablecoin, Challenging USDT and USDC Amid Regulatory Shifts
U.S. Banks Plan to Launch New Stablecoin to Compete with USDT and USDC Amid Regulatory Changes In a bold move that could disrupt the $245 billion stablecoin market, major U.S. banks are planning to launch their own digital currency. This initiative follows the Senate’s progress on the GENIUS Act, aimed at regulating stablecoins amidst growing […]
Read MoreSenate Dems Amend GENIUS Act to Curb Trump Family’s Stablecoin Profits
Senate Democrats Target Trump’s Stablecoin Payday with Anti-Corruption Amendment Can a family’s involvement in cryptocurrency influence national policy? Senate Democrats are pushing to amend the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act to prevent corruption linked to President Trump’s family and their cryptocurrency platform, World Liberty Financial (WLFI). Senate Democrats propose anti-corruption […]
Read MoreWhite House Crypto Advisor: Stablecoin Regulation Could Boost U.S. Debt by Trillions
White House Crypto Czar David Sacks: Stablecoin Clarity Could Trigger Trillions for U.S. Debt David Sacks, President Trump’s advisor on crypto and AI, suggests that the passage of the GENIUS Act, a bill aimed at regulating stablecoins, could lead to a significant demand for U.S. Treasuries, potentially injecting trillions into the U.S. debt market. GENIUS […]
Read MoreU.S. Senate Advances GENIUS Act: Stablecoin Regulation Amid Trump and Sun Controversies
U.S. Senate Advances Stablecoin Bill to Floor Vote, Amid Concerns and Controversies The U.S. Senate has taken a historic step toward regulating stablecoins, advancing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act to a floor vote. This development could significantly shape the future of cryptocurrencies and stablecoins, which are digital assets designed […]
Read MoreRipple CEO Calls Out Senator Lummis for Canceled Meeting Amid Crypto Regulation Push
Ripple CEO Slams Sen. Lummis Over Canceled Meeting Amid Crypto Reform Push Ripple CEO Brad Garlinghouse slammed Senator Cynthia Lummis for canceling a crucial meeting, emphasizing the urgent need for clear crypto regulations. Canceled meeting between Ripple CEO and Senator Lummis Growing institutional interest in crypto with CME Group’s XRP futures Urgency for regulatory clarity […]
Read MoreBlum Co-Founder Arrested on Fraud Charges, Senate to Debate GENIUS Act, WLFI’s USD1 Integrates Chainlink
Blum Co-Founder Arrested, GENIUS Act Proceeds, Trumps WLFI Integrates Chainlink | Weekly Recap What happens when a high-profile crypto executive is arrested? The crypto world has been buzzing this week with the arrest of Vladimir Smerkis, a former Binance executive and co-founder of the Blum app, on fraud charges. Meanwhile, the U.S. Senate is preparing […]
Read MoreSenators Race to Pass GENIUS Act for Stablecoin Regulation Before Memorial Day
Reviving the GENIUS Act: US Senators Push for Stablecoin Regulation Before Memorial Day US senators are making a concerted effort to revive the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which aims to bring stablecoins—digital currencies designed to maintain a stable value, often tied to the US dollar—under the regulatory umbrella of […]
Read MoreSenate Rejects Stablecoin Bill Amid Partisan Clash and Trump Concerns
Senate Clash Stalls Stablecoin Legislation Progress The U.S. Senate’s effort to establish a regulatory framework for stablecoins, digital currencies designed to have a stable value, faltered due to partisan tensions and concerns over former President Donald Trump’s crypto involvement. The Genius Act, which aimed to address the unclear legal status of the $246 billion stablecoin […]
Read MoreMeta Reenters Stablecoin Arena with Instagram Payouts in Sight
Meta Rekindles Stablecoin Ambitions Amid Regulatory Shifts Meta Platforms is re-entering the stablecoin market, engaging in early-stage discussions with crypto firms to integrate these digital assets into its platforms for cost-effective cross-border payments. This move follows the abandonment of the Diem project and coincides with significant growth in the stablecoin market, now valued at over […]
Read MoreGENIUS Act Fails 49-48 in Senate, Stablecoin Regulation in Jeopardy
GENIUS Act Stalls After 49-48 Senate Vote, Stablecoin Framework in Limbo The GENIUS Act, designed to establish a regulatory framework for payment stablecoins, faced a setback when the U.S. Senate rejected it with a close 49-48 vote. This defeat has left the future of stablecoin regulation uncertain and could lead to a patchwork of state-level […]
Read MoreUS Senate Blocks GENIUS Act: Stablecoin Regulation Stalls, Hope for Revival Next Week
Breaking: Major Stablecoin Bill Fails to Advance in US Senate The US Senate’s failure to push forward the GENIUS Act, a key piece of legislation aimed at regulating the stablecoin sector, marks a significant setback for cryptocurrency enthusiasts. The bill, which sought to provide regulatory clarity, did not secure the necessary 60 votes for cloture, […]
Read MoreU.S. Senate Rejects GENIUS Act: Crypto Regulation Stalls, Stablecoins in Limbo
U.S. Senate Rejects GENIUS Act: Impact on Cryptocurrency Regulation and Stablecoins In a tense 48-49 vote, the U.S. Senate has thrown a wrench into the cryptocurrency industry’s plans by rejecting the Guiding Equitable and Novel Innovations in Stablecoins Act (GENIUS Act). This bill, designed to regulate stablecoins—a type of cryptocurrency designed to minimize the volatility […]
Read MoreBitwise CIO Warns of Crypto Regulatory Chaos if Congress Fails to Act
Bitwise CIO Warns: Congress May Fumble Crypto Regulation at Final Stretch Matt Hougan, the Chief Investment Officer at Bitwise, has raised the alarm on a potential tumultuous summer for the cryptocurrency industry if Congress fails to pass crucial regulations. Despite recent supportive measures from the Trump administration, Hougan insists that legislative action is essential to […]
Read MoreSchumer Warns Democrats Against GENIUS Act, Citing Tether Concerns
Schumer Raises Concerns Over Tether’s Role in Proposed GENIUS Act Senate Minority Leader Chuck Schumer has voiced his apprehension regarding the treatment of Tether, the leading stablecoin issuer, within the proposed Guiding and Establishing National Innovation in U.S. Stablecoins Act (GENIUS Act). This legislation aims to regulate stablecoins, addressing the burgeoning market’s need for clarity […]
Read MoreMoonPay CEO Advocates for State Control of Stablecoins Amid Federal Legislation Push
MoonPay CEO Urges Congress to Preserve State Authority Over Stablecoins Amid Legislative Push In a bold move, MoonPay CEO Ivan Soto-Wright has urged Congress to maintain state-level control over stablecoins, amidst a heated legislative battle. Stablecoins are cryptocurrencies designed to have a stable value, often pegged to a fiat currency like the US dollar. MoonPay […]
Read MoreU.S. Congress Pushes Stablecoin Regulation Forward with STABLE Act
U.S. Congress Advances Stablecoin Regulation with the Introduction of the STABLE Act The U.S. Congress is making significant strides in regulating stablecoins with the introduction of the STABLE Act, a move that could redefine the role of these digital assets in the financial ecosystem. Stablecoins, cryptocurrencies designed to minimize volatility by being pegged to stable […]
Read MoreWhite House Urges Fast-Track of GENIUS Act for Stablecoin Regulation in Two Months
White House Pressures Congress to Fast-Track GENIUS Act for Stablecoin Regulation The White House is racing against time to regulate the booming world of stablecoins with the GENIUS Act, aiming to have it reach President Donald Trump’s desk within two months. GENIUS Act targets payment stablecoin regulation White House aims for passage within two months […]
Read MoreSenate Advances GENIUS Act to Regulate Stablecoins Amid Warren’s Opposition
Senate Fast-Tracks Stablecoin Legislation Despite Opposition From Elizabeth Warren The U.S. Senate Banking Committee has advanced the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) with a strong 18-6 vote, signaling a major push towards regulating stablecoins and potentially revolutionizing global transactions. Spearheaded by Senator Bill Hagerty, the bill aims to create […]
Read MoreTether CEO Cheers GENIUS Act: A New Era for Stablecoin Regulation
Tether CEO Excited About GENIUS Act’s Impact on Stablecoin Regulation Stablecoins, cryptocurrencies designed to maintain a stable value often pegged to a traditional currency like the US dollar, are set to face a significant change with the recent passage of the GENIUS Act by the U.S. Senate Banking Committee. Tether CEO Paolo Ardoino is buzzing […]
Read MoreFed Governor Backs Bank-Issued Stablecoins, Calls for Regulation
Fed Governor Calls for Regulatory Framework Allowing Banks to Issue Stablecoins Federal Reserve Governor Christopher J. Waller has endorsed a regulatory framework that would enable banks and financial institutions to issue dollar-pegged stablecoins. Speaking at a recent San Francisco conference, Waller outlined the potential of stablecoins to enhance access to US dollars and streamline payments, […]
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