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