A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. But there’s a big planting-seeds-for-the-next-financial-crisis kind of reason why ...
The U.S. Senate has passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act (S. 394) by a vote of 68-30, establishing the first comprehensive federal framework for ...
Stablecoins are the focus of the GENIUS Act, but if the bill is enacted into law, it will likely have an impact on U.S. citizens’ ability to use Bitcoin privately. While the GENIUS Act is a stablecoin ...
The GENIUS Act, which President Trump is expected to sign into law, establishes a regulatory framework for stablecoins in the U.S. The law assigns oversight of stablecoin issuers to the Federal ...
The US crypto industry is celebrating as the GENIUS Act, a framework for stablecoin regulation, was passed in the US Senate on June 17. The bill passed 68-30 in a bipartisan effort, roughly six weeks ...
The U.S. Senate voted on Wednesday to advance the Guiding and Establishing National Innovation for U.S. Stablecoins, known as the GENIUS Act, setting it up for a final floor vote in the coming days.
In a significant step toward formal oversight of the digital asset space, the US Senate advanced the GENIUS Act, a bill aimed at regulating stablecoins, following a 66–32 vote on Monday. The measure ...
The crypto dam didn’t break with a bang. It cracked with a vote. On Tuesday, the Senate passed the GENIUS Act with a strikingly bipartisan 68-30 tally. For a country that’s spent years lobbing ...
The Senate has passed the GENIUS Act to regulate stablecoins, while a similar bill, the STABLE Act, is progressing in the House. The proposed legislation faces criticism for potential redundancy and ...
The US House on Thursday passed major bipartisan legislation that aims to regulate a type of cryptocurrency known as stablecoins, sending the bill to the president’s desk for his signature. Lawmakers ...
Efforts to attach the Durbin-Marshall Amendment to the proposed GENIUS Act, a bill to regulate stablecoins, have failed. The Senate moved late Wednesday to advance the stablecoin bill without any ...
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