Treasury Secretary Scott Bessent stated on June 17 that stablecoins could cut federal borrowing costs and slow debt growth if Congress sends …
Senate
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Regulation
UBS Sees Senate Rushing ‘One Big, Beautiful Bill’ Toward High-Stakes Finale
by shayaanby shayaanUBS spotlights blistering Senate momentum on a sweeping economic bill packed with permanent tax incentives and trade reprieves, all under crushing pressure …
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Regulation
Meta’s Stablecoin Plan Questioned by Democrats Ahead of Key Senate Vote
by shayaanby shayaanSenate Democrats Elizabeth Warren and Richard Blumenthal want Meta to explain what its stablecoin plans are. In a letter sent to the …
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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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Markets
Senate Begins Passage of Stablecoin Bill as House Marks Market-Structure Wins
by shayaanby shayaanThe U.S. Senate took the initial steps toward final approval of its first major crypto legislation as members opened voting Wednesday on …
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Senate Majority Leader John Thune has scheduled a key procedural vote for Wednesday on stablecoin legislation backed by both the crypto industry …
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Markets
Senate Stablecoin Bill Likely to Win Massive Bipartisan Support, Dem Lawmaker Says
by shayaanby shayaanWASHINGTON, D.C. — As many as 16 Democrats may vote in favor of the Senate’s stablecoin bill when it gets to its …
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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 …
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Adoption
Largest US economy, California, moves to accept Bitcoin for state fees by passing new bill to Senate
by shayaanby shayaanThe California State Assembly has unanimously passed AB 1180, a bill that allows state agencies to begin accepting Bitcoin and other digital …
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Regulation
Stablecoin Bills in House and Senate Still Need to Mesh on Several Points: French Hill
by shayaanby shayaanThe U.S. Senate may be fast approaching a final vote on regulating stablecoins, which would be a high-water mark for crypto legislation …