Hong Kong’s Legislative Council passed the Stablecoin Bill, paving the way for a regulated framework that could position the region as a global leader in digital assets and Web3 development.…
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Key Points:U.S. Senate advances GENIUS Act, stablecoin legislation progress.Vote shifts 16 Democrats, rare bipartisan support made.Potential for enhanced market confidence noted by experts.
The U.S. Senate took a significant step forward…
Société Générale’s crypto arm, SG Forge, is reportedly preparing to launch a dollar-backed stablecoin on Ethereum, making it the first global banking group to issue a public stablecoin tied to…
South Korea’s opposition leader, Lee Jae-myung, proposed launching a won-backed stablecoin on May 20 to stem the 56.8 trillion won ($40.8 billion) crypto outflow and reduce dependence on foreign stablecoins…
US Senate Democrats are getting flak after they helped move stablecoin legislation ahead for discussion on the Senate floor.On May 19, 16 Democratic senators broke from the party line to…
In brief
Kevin O’Leary criticized Senator Elizabeth Warren for tying the GENIUS Act to President Donald Trump’s crypto ties, calling her stance “un-American.”
The GENIUS Act, which would regulate stablecoins, advanced in…
In brief
Aave’s token surged 20% as Congress advanced the GENIUS Act, a bill that could bring regulatory clarity to stablecoins.
The protocol, which supports lending and borrowing of major stablecoins, recently…
Key Points:Main event: Lee Jae-myung proposes won-based stablecoin plan.Potentially reduces reliance on foreign stablecoins.Addresses significant capital outflows from South Korea.
Lee Jae-myung, South Korea’s Democratic Party leader and presidential candidate, proposed…
South Korea’s Democratic Party leader Lee Jae-myung proposed creating a stablecoin tied to the Korean won to prevent capital outflows and strengthen national financial sovereignty.Speaking during a recent policy discussion,…