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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Genius
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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
Senate’s 68-30 cloture vote speeds GENIUS Act toward simple majority passage
by shayaanby shayaanThe Senate voted 68-30 on June 11 to invoke cloture on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, …
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Regulation
Bank of America eyes dollar-pegged stablecoin amid Senate fast-tracking GENIUS Act
by shayaanby shayaanBank of America CEO Brian Moynihan confirmed the lender plans to issue a dollar-pegged stablecoin and is working on an internal build …
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Regulation
New Development in the US’s Cryptocurrency-Friendly GENIUS Bill! “Expected on Wednesday!”
by shayaanby shayaanThe cryptocurrency-friendly stablecoin law called the “GENIUS Act,” which has been expected to be approved in the United States for a long …
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The long-debated bipartisan GENIUS Act—set to establish the United States’ first comprehensive federal framework for stablecoin regulation—may pass the Senate as soon …
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Regulation
Republican Senator Josh Hawley Breaks With Party Lines, Opposes Upcoming GENIUS Act: Report
by shayaanby shayaanSenator Josh Hawley is opposing party lines by voting against an upcoming stablecoin bill endorsed by the White House. According to a …
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Finance
Strategy introduced a new perpetual called Stride (STRD). Some call it genius, others say it has ‘Ponzi vibes’
by shayaanby shayaanOn June 3, 2025, Strategy (formerly known as MicroStrategy) introduced a new perpetual called Stride (STRD). The stock will allow investors to …
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Regulation
GENIUS Act is reportedly being amended and could reach the Senate floor by Friday
by shayaanby shayaanAccording to Eleanor Terrett, more than 60 amendments to the GENIUS Act have been floated so far, and Senate Republicans and Democrats …