Key Takeaways:U.S. Senate passes motion to advance the GENIUS Act with a 66-32 voteOver 15 Democrats, including Cortez Masto and Adam Schiff, reversed their initial stanceThe GENIUS Act aims to…
The cryptocurrency market has welcomed a new innovation, a groundbreaking decision of sorts, with the passing of the highly anticipated Genius Act. The act was designed to fuel cryptocurrency innovation…
Key Points:US Senate advances GENIUS Act for stablecoin regulation.Bipartisan support major shift in legislature.Impact on stablecoin issuers could be substantial.
The US Senate has passed a procedural motion on the GENIUS…
The US Senate has voted to advance a key stablecoin-regulating bill after Democrat Senators blocked an attempt to move the bill forward earlier in May over concerns about President Donald…
Against all odds, the Senate’s stablecoin bill has regained political momentum, passing a key procedural vote Monday evening that has set the legislation on track for passage within days. Less than…
Key Points:The GENIUS Act aims to regulate stablecoins, enhancing U.S. financial systems.New regulations could attract institutional investments.Stablecoin clarity expected to impact Ethereum and DeFi protocols.
Bo Hines, Executive Director of the…
Key Points:Senate receives amendment text including consumer protection and ethics.Market reactions currently muted.Focus on stablecoin impacts and regulatory clarity.
The U.S. Senate has been presented with an amended bipartisan text of…
The Senate’s GENIUS Act failed to pass a key procedural vote on Thursday, a stunning blow to the stablecoin bill’s chance of passage that may have further negative consequences for…
In brief
Treasury Secretary Scott Bessent called the Senate’s failure to advance the GENIUS Act a missed chance to secure U.S. leadership in stablecoin regulation.
The bill collapsed after last-minute Democratic defections,…
In brief
Senate Republicans will hold a Thursday vote on the GENIUS Act, the first federal stablecoin framework, despite Democratic resistance and GOP defections.
The latest bill version drew criticism after leaking…