In a significant move, the House of Representatives has approved three bills aimed at regulating the cryptocurrency industry, with one of them now heading to President Donald Trump's desk. The bills are part of Trump's push to establish the U. S. as a global leader in crypto. The first bill, which focuses on stablecoins, has already gained bipartisan support in the ...
President Donald Trump has put his signature on a new law that's set to shake up the crypto world. This law, called the GENIUS Act, is all about making sure people feel safe when they're dealing with stablecoins. These are a type of cryptocurrency that's tied to things like the U. S. dollar, so they don't go up and down in value as much as other cryptocurrencies. Th...
In a surprising turn of events, a planned "crypto week" in the House of Representatives hit a snag. A group of Republicans joined forces with Democrats to block a procedural vote, preventing three cryptocurrency bills from advancing. This unexpected move caught many off guard, including President Donald Trump, who had been pushing hard for the bills' passage. The st...
The stock of Circle Internet Group (CRCL) has jumped 7% during Friday's trading. This boost follows the Senate's approval of the GENIUS Act. This new law creates a federal framework for stablecoin use. Stablecoins are a type of cryptocurrency. Their value is tied to another currency or asset, like the U. S. dollar. This is the first major legislation by Congress on d...
The Senate's recent approval of a stablecoin bill has sent shockwaves through the crypto world. This bill is a big deal because it's the first major step by Congress to regulate digital currencies. It's all about setting rules for stablecoins. These are cryptocurrencies that are pegged to another asset, like the U. S. dollar. This means banks, fintech companies, ...
The political buzz in Washington is not about the usual economic storms, like the trade tensions or the threat of a recession. Instead, lawmakers are rushing to shine a spotlight on stablecoins, a type of cryptocurrency that most Americans barely know about. This digital currency sector is worth a whopping $230 billion. The push to regulate stablecoins is seen as a w...