News with the tag "GENIUS ACT"

US Senators prepare for a new vote on the highly anticipated stablecoin bill that recently failed to pass cloture. After facing backlash and support withdrawal from Senate Democrats, the bill has undergone new bipartisan amendments to advance the legislation in the upcoming weeks. Stablecoin Bill To...

Senate Republicans and Democrats have agreed on potential amendments to the Stablecoin bill. Crypto journalist Eleanor Terret announced the update on X, noting that the Senators agreed on changes to provisions on consumer protection, ethics, bankruptcy, foreign issuers, and national security. Accord...

On a negative development for the US crypto industry, the highly anticipated stablecoins legislation has failed to advance in the US Senate after not receiving enough support from Senate Democrats. Several Republican senators have slammed the Democratic lawmakers for putting “partisan politics above...

The U.S. Senate Banking Committee is preparing to cast a crucial vote on the updated Guiding and Establishing National Innovation for US Stablecoin (GENIUS) Act on March 13. The bill, initially introduced by Republican Senator Bill Hagerty in early February, has now undergone revisions following bip...