News with the tag "Stablecoin Law"

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...

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...

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

Tether’s CEO, Paolo Ardoino, has criticized the upcoming Markets in Crypto-Assets (MiCA) regulations, particularly challenging the rule requiring stablecoin issuers to hold reserves in bank deposits. This criticism comes as the cryptocurrency industry prepares for these regulations to be implemented...

Looks like the Federal Reserve is steering America toward a future where stablecoins are not just acknowledged but also regulated. In his recent meetings with House Democrats, Jerome Powell made it plain that a legal framework for stablecoins is an absolute must if the United States is to effectivel...

Jeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust” in a digital dollar.

Circle, the issuer of stablecoin USDC, has announced that it is considering issuing a stablecoin in Japan. In an interview with CoinDesk Japan, Jeremy Allaire, the Circle CEO, mentioned that Japan will grow into a substantial market if stablecoins are widely used in international transactions and gl...