In fact, the Senate just finally pushed back a scheduled vote to consider the GENIUS Act, a bill that would regulate stablecoins. This decision would have monumental implications, going well beyond a simple legislative hiccup. That 48-49 vote was not enough to reach the required 60 and represents a significant...
As it was, the Senate failed to pass the “GENIUS Act” even at this late hour. This bill would have established a regulatory framework for stablecoins but met fierce resistance from Democrats. Stablecoins are a type of cryptocurrency that are pegged to other assets like the U.S. dollar. As legislators...
The U.S. Senate has been rocked by the sudden collapse of a long-awaited, bipartisan crypto bill. This retraction resulted from a web of interconnected forces. Worries over the Trump family’s increasing engagement in the cryptocurrency world are escalating. Meanwhile, Democrats have legitimate concerns about corruption and the threat of economic...
Southeast Asia's burgeoning Web3 scene, brimming with potential for financial inclusion and technological innovation, faces an unlikely adversary: Donald Trump's increasingly cozy relationship with the crypto world. Yes, you read that right. While the U.S. Senate wrangles over stablecoin regulations, the shadow of Trump's business dealings looms large, potentially stifling...
JD Vance, current sitting Vice President, at Bitcoin 2025. On the surface, it's mainstream adoption. A signal that Washington is getting serious about crypto at last. If you pull back the curtain just a bit, you’ll see plenty of blood spilling. Crimson, bordering on blood red.The Trump family’s submersion into...
The United States now risks being left behind in the global race to regulate stablecoins. The lack of action may bring about dire economic and geopolitical effects. Meanwhile, other countries and regions—including the European Union—are leading the way, adopting robust frameworks. At the same time, lack of regulatory clarity in...
To date, stablecoin regulation in the United States has faced crushing roadblocks. This places in jeopardy the country’s long-term role at the center of the global financial landscape. Ripple CEO Brad Garlinghouse is urging US legislators to accelerate the development of a framework for stablecoins that defines the use and...
The Wild West of finance. Along the way we’ve experienced the good, the bad and the downright ugly. Goofy-looking rug pulls that left investors holding the proverbial bag. Hacks, including the biggest hacks that revealed exploits on all of the most popular projects. And a regulatory environment that’s a bit...
All eyes should be on the increasing complexity of emerging cryptocurrency legislation. Former President Donald Trump’s recent venture into the digital asset space has certainly made waves. The recent demise of the GENIUS Act illustrates the complex intersection of politics and crypto. This bill would have established a regulatory framework...
Senators unsuccessfully attempted to reach a compromise on a bipartisan crypto regulation bill before reaching an impasse. Due to this, the vote to advance the bill in the Senate died. The GENIUS ACT as proposed would establish the U.S.’s first regulatory framework for stablecoins. Such digital tokens are treated as...
