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Senate passes GENIUS stablecoin bill in a win for the crypto industry
In a 68-30 vote on Tuesday evening, the Senate overwhelmingly passed the GENIUS Act with bipartisan support. Eighteen Democrats joined the majority of Republicans in passing the bill, which is the first to establish a federal regulatory framework for stablecoins, crypto tokens that are pegged to the value of the US dollar.
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The Senate passed legislation Tuesday, 68-30, that would establish regulations for stablecoins, concluding weeks of work on the bill and marking a significant step in cryptocurrency policy. Democrats ...
It advanced out of the Senate Banking Committee in March with bipartisan backing, but bled Democratic support weeks later when it was revealed that an Abu Dhabi-backed firm would use $2 billion in ...
Circle Internet Group shares are up 7% in intraday trading Friday, extending gains they have made since the Senate passed the ...
On Tuesday, the U.S. Senate passed the Genius Act, a bill that aims to set clear guidelines for stablecoin issuers and address some critical needs of the digital assets industry, teeing up a ...
The bipartisan legislation, which passed the Senate in June and is likely to be voted on by the House this week, is the first-ever piece of stablecoin regulation. It would allow private entities to ...
Coinbase is launching a six-figure ad campaign urging Congress to pass legislation that would establish rules for regulation ...
Lawmakers with the US Senate Banking Committee will discuss digital asset markets days before the House of Representatives is ...
Stablecoin fever is still running hot. Zerohash, a crypto and stablecoin infrastructure startup, is set to raise about $100 million at nearly a $1 billion valuation, according to two sources familiar ...
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