Former President Donald Trump convened a meeting with 11 members of the U.S. House of Representatives to discuss advancing the proposed GENIUS Act. The core objective of the discussions was to align the Act’s provisions with market needs, specifically within… Read More »Trump Meets Lawmakers to Advance GENIUS Act Aimed at Crypto Regulatory Balance
Major US financial institutions including JPMorgan Chase and Citigroup are accelerating stablecoin initiatives, marking a transformative phase in digital finance as new regulatory frameworks materialize. JPMorgan Chase, commanding $3.6 trillion in assets, anchors this movement with CEO Jamie Dimon confirming… Read More »JPMorgan and Citigroup Lead US Banking Push into Stablecoin Market Amid Regulatory Shifts
Republican lawmakers are accelerating efforts to pass the GENIUS Act before the August recess, aiming to establish the first federal regulatory framework for stablecoins. The legislation has secured bipartisan support but faces heightened scrutiny due to former President Donald Trump’s… Read More »Republicans Advance GENIUS Act for Stablecoin Regulation Ahead of August Recess
Stablecoins and recent regulatory breakthroughs like the GENIUS Act are pivotal for integrating real-world assets (RWAs) into decentralized finance (DeFi). This regulatory-technology synergy aims to overcome persistent obstacles related to liquidity constraints, compliance requirements, and fragmented interoperability that currently hinder… Read More »GENIUS Act and Stablecoins Key to Bridging Real-World Assets with DeFi Ecosystem
The U.S. House of Representatives is poised to vote on the GENIUS Act, a pivotal bill establishing the first comprehensive regulatory framework for dollar-pegged stablecoins. This legislation represents a potential turning point for cryptocurrency oversight in the United States. The… Read More »U.S. House to Vote on Landmark GENIUS Act for Stablecoin Regulation
A pivotal US Senate hearing this week may signal forthcoming regulatory directions for Ripple and stablecoin oversight, with key industry leaders including Ripple CEO Brad Garlinghouse and Blockchain Association CEO Summer Mersinger scheduled to testify. Their testimonies are expected to… Read More »US Senate Hearing to Shape Regulatory Path for Ripple and Stablecoins
The U.S. House of Representatives has designated the week of July 14th as Cryptocurrency Week, marking a significant push for digital asset legislation. David Sacks announced that the period will see crucial legislative progress, including the formal presentation of the… Read More »U.S. House Designates Cryptocurrency Week as Key Legislation Advances
U.S. House Republicans have designated mid-July as Crypto Week to advance critical legislative efforts targeting regulatory improvements in the cryptocurrency sector. Lawmakers intend to prioritize three key bills, including the Genuinely Essential and Nonpartisan Innovation for Undoing Surveillance Act (GENIUS… Read More »House Republicans Declare Mid-July ‘Crypto Week’ for Major Digital Asset Legislation Push
Circle, the issuer of the USDC stablecoin, has applied to establish the ‘First National Digital Currency Bank’ under the supervision of the U.S. Office of the Comptroller of the Currency (OCC). This move seeks to enhance USDC’s regulatory framework and… Read More »Circle Pursues National Trust Bank Charter to Bolster USDC Regulatory Standing
Legal proceedings against Terraform Labs co-founder Do Kwon face potential influence from the pending Stablecoin TRANSPARENCY Act, known as the GENIUS Act, as it moves through the U.S. legislative process. Federal Judge Paul Engelmayer acknowledged the relevance of the proposed… Read More »Pending GENIUS Act Could Influence Securities Fraud Charges in Do Kwon Terra Case
Stablecoins now dominate cryptocurrency transaction activity, representing over 60% of total volume while consistently maintaining at least 4% of the overall crypto market capitalization throughout 2024 and 2025. Industry data from TRM Labs reveals that stablecoins constituted 28% of all… Read More »Stablecoin Transaction Volume Tops 60% as GENIUS Act Aims to Curb Illicit Use
U.S. Treasury Secretary Scott Bessent has proposed that stablecoins, particularly Tether (USDT), could play a significant role in reducing the national debt by increasing demand for U.S. Treasury bonds. Secretary Bessent highlighted that stablecoins, primarily backed by U.S. Treasury securities,… Read More »Treasury Secretary Sees Stablecoins Like Tether as Tool for U.S. Debt Reduction
The U.S. Senate has passed the Global Economic and National Innovation for United States (GENIUS) Act with a 68-30 vote, creating the first comprehensive federal regulatory framework for stablecoins. The legislation mandates that stablecoin issuers maintain 100% reserves and undergo… Read More »U.S. Senate Approves GENIUS Act to Establish National Stablecoin Regulatory Framework