News with the tag "Stablecoin regulation"

As US lawmakers work on passing crucial crypto-related legislation, multiple tech giants are reportedly exploring the adoption of stablecoins to lower transaction costs and streamline cross-border payments. Apple, Airbnb, X Eye Stablecoin Integration On Friday, Fortune reported that multiple Big Tec...

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 ...

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...

The U.S. Senate failed to advance the GENIUS Act on Thursday in a nail-biting vote, marking a setback to establishing the first-ever set of payment stablecoin regulations. Senate Delivers Blow To Stablecoin Bill Originally introduced by Senator Bill Hagerty (R-TN) in February, the Guiding and Establ...

The US Senate is preparing to vote on long-awaited stablecoin legislation before Memorial Day, setting the stage for the chamber’s first major crypto regulation vote. Senate Majority Leader John Thune shared the timeline with Republican lawmakers during a closed-door lunch on Tuesday, Politico repor...

The US Securities and Exchange Commission has dropped its investigation into the PayPal dollar-backed stablecoin , PYUSD, without taking enforcement action. PayPal disclosed the decision in a Tuesday filing , marking another high-profile crypto probe closed under President Donald Trump’s administrat...

Global payments giant Stripe is developing a U.S. dollar-backed stablecoin aimed at companies operating outside the United States, United Kingdom, and Europe. Stripe CEO Patrick Collison confirmed the initiative in a recent post on X , inviting businesses to participate in early testing of the produ...

Citigroup has projected a dramatic rise in the stablecoin market, forecasting that its total market capitalization could soar from nearly $240 billion today to over $2 trillion by 2030. The prediction, outlined in a report released on Thursday , says the growth in adoption would be driven by regulat...

The US Fed on Thursday withdrew its previous guidelines for banks regarding crypto assets and stablecoin activities, signaling a shift toward more flexible supervision as digital assets gain momentum in financial markets. On Thursday, the Fed announced it would rescind several supervisory letters an...

Key Takeaways: SEC disengagement from the Ripple dispute hints at a move toward streamlined oversight with more predictable regulatory approaches. Calls for stablecoin regulation seek to establish uniform standards, easing compliance and reducing market uncertainty. These shifts may foster a clearer...