News with the tag "Senate"

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...

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...

Despite recent setbacks, U.S. legislation to regulate stablecoin issuers may be heading toward debate and passage next week, according to the backers of the bill known as the "Guiding and Establishing National Innovation for U.S. Stablecoins" (GENIUS) Act. “Next week, the Senate will make history wh...

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 push for clear rules around digital assets continues to be a hot topic in Washington D.C. A significant move is underway regarding the future of stablecoins in the United States, with a key stablecoin bill now at the center of a political debate. Understanding the GENIUS Act Stablecoins Proposal...

The U.S. Senate voted Thursday against advancing the GENIUS Act, a key bill that would regulate stablecoins, marking a setback for the crypto industry’s push for regulatory clarity. The procedural cloture vote failed 48-49, falling short of the 60 votes needed to begin formal debate. Despite months ...

The U.S. legislation that would establish stablecoin regulation failed to take a huge step closer to reality on Thursday as a rush of Democratic resistance kept the bill from moving into a debate phase, which would have been the path toward an eventual vote on passage. The crypto industry has been c...

U.S. Senator Dave McCormick, the former chief executive of massive hedge fund Bridgewater Associates, is putting his own cash into bitcoin (BTC) as the committee he's on is at the tip of the spear for a legislative effort to regulate the digital assets industry. McCormick has made repeated recent in...

New Hampshire’s move toward integrating digital assets into its financial strategy took a step forward this week as House Bill 302, which would enable the state to invest in Bitcoin and precious metals, passed its second Senate committee. The bill, first introduced in January, has now cleared four m...

Maryland Delegate Adrian Boafo and New York Assemblyman Clyde Vanel have urged top Democratic lawmakers to establish a federal cryptocurrency regulatory framework. The lawmakers cautioned in a letter that inconsistent state laws might impede financial innovation. They addressed Senators Elizabeth Wa...