GENIUS Act

Highlights: The two multinational companies plan to launch stablecoins to lower costs and hasten payments. The GENIUS Act may decide how companies use stablecoin payments across the United States. Scott Bessent said the stablecoin sector could grow to $2 trillion […]

Highlights: The Treasury Secretary says stablecoins could grow to $2 trillion in the coming years. Senate moves forward with GENIUS Act to regulate dollar-backed stablecoins. Trump backs stablecoin rules, aiming to strengthen the U.S. dollar globally. Stablecoins tied to the […]

Highlights: Major US banks explore creating a joint stablecoin as crypto gains wider acceptance. Banks worry stablecoins may take deposits and disrupt payment control, especially from tech firms. Senate passes GENIUS Act setting clear stablecoin rules to ensure safety and […]

Highlights: The Senate has advanced the GENIUS Act after Democrats shifted their positions during the latest stablecoin bill vote. The GENIUS Act sets clear rules for stablecoin issuers and blocks the use of algorithmic stablecoins. Concerns remain over Trump links […]

Highlights: Anchorage Digital has taken over Mountain Protocol and has ended the minting of USDM. Mountain Protocol will shift focus to support Anchorage in expanding stablecoin services across the global market. Tinian is moving forward with a local digital dollar […]

Highlights: Meta is in early talks to use stablecoins to pay creators across its social platforms. Companies like Stripe and Visa have launched new stablecoin services for their users. The US Senate failed to advance the GENIUS Act, which aimed […]

Highlights: Senator Warren opposes the GENIUS Act due to concerns over the Trump family’s stablecoin deal with the UAE. GENIUS Act faces opposition from Senate Democrats, citing risks like money laundering and inadequate oversight. Trump administration’s hopes for GENIUS Act […]

Highlights: Armstrong urges lawmakers to create stablecoin laws that enable consumers to earn interest on their holdings. On-chain interest could provide consumers with higher yields than traditional savings accounts. Armstrong believes interest-bearing stablecoins can create global financial inclusion with just […]

Highlights: Senators warn of conflicts in WLFI’s USD1 stablecoin due to Trump’s involvement. GENIUS Act could grant Fed and OCC control over stablecoin regulations, raising concerns. Trump’s executive order increases White House influence over federal financial policies. Five Democratic senators […]

Highlights: A U.S. representative is planning to introduce a bill that is set to make the strategic Bitcoin reserve permanent. The bill will need a majority support in the Senate and House to become law if introduced. The bill follows […]

Highlights: The Senate will vote on the bill after some modifications were made by Senator Bill Hagerty. The bill will require foreign issuers to comply with set rules, hence giving local issuers an advantage. The bill will set clear rules […]

Highlights: The Act will require issuers to keep reserves in US currency or approved assets. Large stablecoin issuers will follow Federal Reserve rules, while state authorities will regulate smaller ones. The Trump administration believes that stablecoins will boost the US […]