The U.S. Senate failed to pass a proposed framework for regulating stablecoins due to disagreements over potential corruption risks associated with President Donald Trump’s family involvement in cryptocurrency, […]
GENIUS Act Fails, Delaying Stablecoin Regulation in US
The U.S. Senate’s defeat of the GENIUS Act, a bill aimed at regulating stablecoins, has left the crypto market grappling with uncertainty. This setback highlights ongoing challenges in […]
U.S. Senate to Vote on Stablecoin Regulation Bill
The U.S. Senate is set to hold a procedural vote on the updated ‘GENIUS Act,’ a bill seeking to regulate stablecoins, at 1:45 PM Eastern Time (1:45 AM […]
Senate Set to Vote on GENIUS Act Before Memorial Day, Aiming for Stablecoin Regulatory Clarity
Before Memorial Day, the U.S. Senate will vote on the GENIUS stablecoin bill, introduced by Senator Bill Hagerty. This legislation is designed to provide much-needed clarity regarding regulatory […]
ECB: Trump’s Pro-Crypto Stance Risks EU Financial Stability
President Trump’s strong support for the cryptocurrency market, particularly dollar-pegged stablecoins, could destabilize the European economy, according to a confidential ECB policy paper. The report suggests that this […]
Congress Takes Action on Stablecoin Regulation: What It Means for the Crypto Market
The US Congress is actively working on regulations for stablecoins, aiming to enhance market stability and protect investors amid rising concerns about these crypto assets’ volatility. This move […]
Crypto Giants Aim for Traditional Banking: Seeking Licenses to Offer Deposit and Loan Services
Major cryptocurrency companies are taking a significant step toward integrating with traditional banking systems by applying for licenses that would allow them to offer deposit accounts, loans, and […]
US Stablecoin Market Expected to Reach $2 Trillion by 2028
A new analysis predicts a dramatic expansion of the US stablecoin market, with a potential value reaching $2 trillion by 2028. This growth is primarily driven by the […]
US Senate Advances STABLE Act to Regulate Stablecoins
The US Senate Committee recently approved the STABLE Act, signaling a major step towards regulating stablecoins. This crucial legislation received 32 votes in favor out of 49, moving […]