News with the tag "Genius Act"

A crypto analyst has predicted that the XRP price could surge to remarkable levels, ranging from $25 to $75, in June. According to the expert, a combination of key bullish factors is expected to drive this significant price rally, potentially marking new all-time highs for the altcoin. In a rather l...

The White House’s AI and Crypto Czar, David Sacks, has said that the Trump administration is optimistic about the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act moving through the Senate after it regained momentum and bipartisan support. Stablecoin Regulation To Unlock ...

The Senate voted 66–22 to advance the GENIUS Act, showing strong support from both Democrats and Republicans and signaling that the U.S. government is finally ready to take crypto regulation seriously. The Act still raises concerns about whether it goes too far or not far enough in protecting consum...

David Sacks, senior crypto adviser to President Donald Trump, announced on May 21 that bipartisan momentum is propelling the GENIUS Actlandmark stablecoin legislation through the U.S. Senate. The bill, which aims to bring regulatory clarity to a $200 billion stablecoin market, has cleared an importa...

The United States Senate made a significant move toward regulating the crypto asset industry this week by advancing the GENIUS Act, a bill aimed at establishing a comprehensive framework for stablecoins. The measure passed the cloture vote with bipartisan support, including a notable shift from 16 D...

The Blockchain Association is celebrating the Senate’s advancement of the GENIUS Act as pro-crypto politicians seek to enact a comprehensive stablecoin regulatory framework, a May 19 X post from the organization reveals. GENIUS Act Advances After Narrow Defeat According to the X post, Blockchain Ass...

Senator Bill Hagerty (R-TN) says that one segment of the crypto industry will likely become the largest holders of US Treasuries. In a new interview on CNBC Television, Hagerty says stablecoin issuers will likely purchase massive amounts of US Treasuries as reserve funds to ensure the digital assets...

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...