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Senate passes GENIUS stablecoin bill in a win for the crypto industry
In a 68-30 vote on Tuesday evening, the Senate overwhelmingly passed the GENIUS Act with bipartisan support. Eighteen Democrats joined the majority of Republicans in passing the bill, which is the first to establish a federal regulatory framework for stablecoins, crypto tokens that are pegged to the value of the US dollar.
Axios on MSN11h
Senate passes GENIUS Act despite crypto corruption concernsThe Senate passed legislation to establish the first regulatory framework for stablecoins, capping prolonged, topsy-turvy ...
The Guiding and Establishing National Innovation for US Stablecoins Act, known as the GENIUS Act, now faces a key vote in the ...
The GENIUS Act "makes it prohibitive for non-financial public companies to become stablecoin issuers," Bernstein said, noting ...
The US Senate's decision to pass the GENIUS Act has garnered significant support from industry leaders like Ripple, Coinbase, and Gemini.
An update on the GENIUS Act stablecoin bill making its way through Congress, which is important to companies like Coinbase, ...
Cryptopolitan on MSN1d
Warren says GENIUS Act could let tech giants launch spy coinsSenator Warren warned the GENIUS Act could let tech billionaires create stablecoins that track people’s spending.
CCN on MSN19h
JPMorgan Files Second Stablecoin Trademark After GENIUS Act Signals Green Light for BanksJPMorgan has filed for a second trademark, “JPMD.” The U.S. Senate’s advancement of the bipartisan GENIUS Act has offered ...
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