Deutsche Bank believes that the Genius stablecoin Act could give the dollar a major edge in the global digital economy. In comments …
Act
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Regulation
U.S. Senate Passes GENIUS Act to Regulate Stablecoins, Marking Crypto Industry Win
by shayaanby shayaanThe overwhelming bipartisan passage of the U.S. Senate’s stablecoin bill, with a 68-30 final vote that saw a huge surge of Democrats …
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Smart Contracts
Civil Rights Group Gives Elon Musk’s xAI 60 Days to Fix Alleged Clean Air Act Violations
by shayaanby shayaanIn short Xai reportedly has 26 or more guest turbines without required permits or pollution controls. Thermal images show turbines that run, …
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Smart Contracts
‘Global Response’ to Crypto Regulation Needed as US Advances GENIUS Act: FCA
by shayaanby shayaanIn short UK Financial Conduct Authority Official Jane Moore warned that a “worldwide reaction” to crypto regulations is essential. Lord Chris Holmes …
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Regulation
Elizabeth Warren criticizes GENIUS Act over stablecoin concerns ahead of final vote
by shayaanby shayaanSenator Elizabeth Warren has voiced fresh concerns about the GENIUS Act, a bill designed to regulate stablecoins in the US financial system, …
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Markets
Asia Morning Briefing: GENIUS Act Positions ETH at the Center of Tokenized Finance, Says Wall Street Veteran
by shayaanby shayaanGood Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during …
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The Senate approved the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in a 51-23 vote on June 17, sending …
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Regulation
Treasury Secretary Bessent says stablecoins are debt relief engine as Senate readies to vote on GENIUS Act
by shayaanby shayaanTreasury Secretary Scott Bessent stated on June 17 that stablecoins could cut federal borrowing costs and slow debt growth if Congress sends …
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Regulation
Stablecoins to Become Cash Layer of Internet Once GENIUS Act Is Law: Bernstein
by shayaanby shayaanThe Senate’s GENIUS Act, a key piece of U.S. stablecoin regulation, is to be voted on this week and should be passed …
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Regulation
14,000 Crypto Accounts Swept Into IRS Data Grab—Will the Supreme Court Act?
by shayaanby shayaanThe Supreme Court is being urged to dismantle a controversial IRS tactic that allowed warrantless data grabs from 14,000 crypto users, redefining …