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US Senate approves GENIUS Act to regulate stablecoins; bill moves to house
In a significant development for the digital asset industry, the US Senate on Tuesday passed a bill aimed at creating a comprehensive regulatory framework for US dollar-pegged cryptocurrency tokens, commonly known as stablecoins.
Historic Move: Senate Passes GENIUS Act to Regulate Stablecoins
The U.S. Senate passed the GENIUS Act to regulate stablecoins, marking a pivotal moment for the cryptocurrency industry. The bipartisan bill creates a framework requiring stablecoin issuers to back tokens with liquid assets and disclose reserves.
The GENIUS Act is a proposed bill that regulates one type of cryptocurrency called stablecoins, a $200 billion part of the ...
By Manya Saini (Reuters) -As the U.S. stablecoin bill, known as the GENIUS Act, advances in the Senate, a once-niche corner ...
One big debate over the wisdom of giving stablecoins a regulatory framework centers around how they would affect the current ...
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Why stablecoins are gaining popularityStablecoins—a form of cryptocurrency backed by traditional assets—are gaining traction, with the US Senate set to vote ...
The GENIUS Act "makes it prohibitive for non-financial public companies to become stablecoin issuers," Bernstein said, noting ...
US could be the epicenter for stablecoins with the proposed GENIUS Act, making them a mainstream financial rail for the ...
Stablecoins are no longer just crypto. They're reshaping global payments. Retail giants like Amazon and Walmart are betting ...
Walmart and Amazon are reportedly exploring their own corporate stablecoins as a customer payment option, which could ...
As the U.S. stablecoin bill, known as the GENIUS Act, advances in the Senate, a once-niche corner of the crypto industry is ...
JPMorgan is piloting its deposit token JPMD on Coinbase’s Base network, aiming to offer institutional clients a scalable, ...
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