News with the tag "GENIUS Act"

U.S. banking groups are lobbying to address a loophole in the GENIUS Act that allows stablecoin issuers to offer interest, which they argue could destabilize traditional banking deposits and increase borrowing costs.

US banking groups are urging Congress to close a loophole in the GENIUS Act that allows stablecoin issuers to pay interest to holders through affiliates, warning it could lead to significant bank deposit outflows.

The GENIUS Act provides regulatory clarity for payment stablecoins and distributed ledger technology, benefiting RWA tokenization companies and fostering collaboration between banks and tech firms.

The content appears to be a mix of cookie consent information and promotional material for a cryptocurrency called Floppapepe ($FPPE), described as an AI meme token.

The content appears to be a mix of cookie consent information and promotional material for a cryptocurrency called Floppapepe ($FPPE), described as an AI meme token.

The article covers recent U.S. regulatory developments in the cryptocurrency space, including the GENIUS Act targeting Big Tech, a Senate market structure framework, the DOJ dropping its case against Kraken's founder, and the SEC's reversal on a Bitwise ETF.

The content appears to be a promotional message for a cryptocurrency called Floppapepe ($FPPE), described as an AI meme token, encouraging users to invest before it's too late.

KeyCorp Bank CEO Chris Gorman expresses optimism about stablecoins, highlighting their speed, cost-efficiency, and potential as a solution for clients, while other major banks like JPMorgan, Bank of America, and Citi also explore stablecoin initiatives.

The GENIUS Act is the first US federal law focused exclusively on payment stablecoins, establishing a clear legal framework for issuance and regulation to address previous legal gray areas and systemic risks.

The content appears to be a mix of cookie consent information and promotional material for a cryptocurrency token called Floppypepe ($FPPE).