Stablecoin, Senate
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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 were divided on the bill,
Washington — The Senate passed a landmark piece of legislation to regulate crypto after a bumpy path through the upper chamber. The bill, known as the GENIUS Act, would establish a regulatory ...
Circle Internet Group shares are up 7% in intraday trading Friday, extending gains they have made since the Senate passed the GENIUS Act to establish a federal framework around the use of stablecoins.
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 vote ...
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 issue their own stablecoins, as long as they are fully backed by U.S. Treasuries. That will open the Treasury up to a whole new set of investors.
Lawmakers with the US Senate Banking Committee will discuss digital asset markets days before the House of Representatives is expected to address three significant crypto bills.
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 with the deal.
Jonathan Gould, a former chief legal officer at blockchain firm Bitfury, will lead the U.S. Office of the Comptroller of the Currency.