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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.
Senate passes stablecoin bill, a major victory for the crypto world
The Senate is preparing for a final vote Tuesday on a bill that would establish the first federal framework for dollar-backed cryptocurrencies known as stablecoins, a major victory for an industry that has pushed for more favorable oversight in Washington,
JPMD will offer clients round-the-clock settlement as well as the ability to pay interest to holders. It is a so-called ...
Cryptopolitan on MSN13h
Reports of stablecoin use in crime is overblown as 99% of 2024 activity was legalTRM Labs, the blockchain intelligence firm, has reported that 99% of all stablecoin activity in 2024 was legal and compliant ...
The GENIUS Act is a proposed bill that regulates one type of cryptocurrency called stablecoins, a $200 billion part of the ...
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