The GENIUS Act is now law, and it’s shaking up the world of stablecoins. This new rule means stablecoins will face stricter regulations, and the battle over how these rules are applied is just getting started. The act sets the stage for a two-year fight over how $250 billion in stablecoins will be handled. The main question is whether these digital coins will be con...
A heated debate is unfolding between banks and crypto advocates over the future of stablecoin regulations. The banking sector is pushing for changes, while crypto lobbyists are firmly opposed. Last week, a group of bankers made a strong case to senators. They want to modify or even remove parts of a new law that governs stablecoins. This law, known as the GENIUS Act...
Circle Internet Group, the company behind the popular USDC stablecoin, is facing some tough times. A big change in the crypto world has left its stock in a tricky spot. President Donald Trump recently signed a new law called the GENIUS Act. This law is all about regulating stablecoins, which are digital currencies tied to real-world assets. While this law is good new...
House Republicans recently shook things up by voting against a key procedural measure. This vote was meant to advance several bills related to cryptocurrency and a Defense Department funding bill. The move caught many off guard, especially since it was supposed to be a big week for crypto under President Trump's agenda. Out of 223 votes in favor, 196 were against, w...
The crypto world is buzzing with excitement. The Senate just passed a new law called the GENIUS Act. This law is all about setting rules for stablecoins. Stablecoins are a type of cryptocurrency that tries to keep its value steady, unlike other cryptocurrencies that can be very volatile. They are backed by real money or other safe assets. This new law could make stab...
The Senate has made a significant step forward in the world of digital money. They passed a law to regulate stablecoins, which are a type of cryptocurrency designed to keep a steady value. This is a big deal because it's the first time the U. S. government is setting rules for these digital tokens. Stablecoins are often linked to the U. S. dollar and are used by cryp...
The Trump family has been making waves in the crypto world, and now, US senators are paying close attention. They are questioning a massive deal involving the family's crypto firm, World Liberty Financial, and a group of investors that includes foreign players. This isn't just about money; it's about the potential mix of private profits and public power. Senators El...
The GENIUS Act is a significant piece of legislation focused on regulating stablecoins in the United States. Stablecoins are a type of cryptocurrency that is designed to maintain a stable value by being pegged to traditional currencies, such as the U. S. dollar. There are currently over 250 billion dollars worth of stablecoins in circulation worldwide. Lawmakers a...
A hot debate is unfolding in the Senate over a crypto bill. The Guiding and Establishing National Innovation for U. S. Stablecoins Act, or GENIUS Act, is on the brink of passing. This bill aims to set rules for stablecoins, a type of digital currency with a steady value. It's backed by the crypto industry and has some Democratic support. However, the road to passage ...