News with the tag "Stablecoin Bill"

Barely a week after hinting at launching an algorithmic USD stablecoin, Sonic Labs is shuttering its plans. Sonic Labs co-founder Andre Cronje revealed that incoming stablecoin regulation in the US contributes to the change of stance. Sonic Labs Makes U-Turn Over Algorithmic USD Stablecoin In mid-Ma...

Bank of America (BoA) has thrown its hat in the ring to become a stablecoin issuer but the company is holding its reins till certain conditions are met. The financial institution wants the govenment to formally approve stablecoins as a legal asset before it wades in. Bank of America Eyes Stablecoin ...

Bank of America (BoA) has thrown its hat in the ring to become a stablecoin issuer but the company is holding its reins till certain conditions are met. The financial institution wants the govenment to formally approve stablecoins as a legal asset before it wades in. Bank of America Eyes Stablecoin ...

Brian Armstrong, CEO of Coinbase Global, has confirmed that the cryptocurrency exchange would remove the stablecoin Tether (USDT) from its U.S. trading platform if it is required to comply with new legislation. Speaking at the World Economic Forum in Davos, Switzerland, Armstrong highlighted Coinbas...

Congressman French Hill (R-AR) is “optimistic” that U.S. lawmakers may pass crucial crypto legislation during its upcoming lame duck session, the representative told audiences at DC Fintech Week Tuesday. Legislation currently on the table includes the Financial Innovation and Technology for the 21st...

US Congressman French Hill, who serves as the Chairman of the House’s Subcommittee on Digital Assets, has provided a timeline for when the Stablecoin bill could be passed, suggesting that this could happen as early as year-end. Interestingly, the congressman also offered insights into the process fo...

The new bill is a refinement of Rep. Patrick McHenry’s 2023 bill, which has bipartisan support.

The Chamber of Digital Commerce praised Sen. Hagerty for leading the Senate version of the Clarity for Payment Stablecoins Act. This Act will provide the necessary clarity so innovative, USD-backed tokens can thrive in security and predictability, benefiting innovators and consumers. Chamber Applaud...

Proposed stablecoin legislation is unlikely to be tacked onto the must-pass Federal Aviation Administration’s (FAA) reauthorization bill despite earlier reports, a Democratic aide on Capitol Hill said Tuesday. Should stablecoin legislation fail to find a must-pass bill it can merge with, its chances...

A prospective stablecoin bill will likely not be included in the upcoming must-pass FAA bill as lawmakers try to get the bill passed.