Republican senators working on a new framework for digital assets legislation, riding the positive bipartisan wave in the Senate as of late. This announcement follows the Senate’s passage of a bill to regulate stablecoins last week. It was passing with overwhelming bipartisan support.Senators Tim Scott, Cynthia Lummis, Thom Tillis, and...
The Senate has passed the GENIUS Act by a vote of 68-30, marking a significant step toward regulating cryptocurrencies, particularly stablecoins. This bill aims to establish a regulatory framework for the burgeoning digital currency market, offering consumer safeguards and paving the way for traditional financial firms to enter the space....
The Senate has passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, also known as the GENIUS Act, a bill designed to regulate stablecoins. This kind of cryptocurrency is usually backed one-to-one by the U.S. dollar. Among the bill’s many provisions are efforts to set up guardrails and...
This month’s transportation funding in the Senate passage of the GENIUS Act to regulate stablecoins. Sounds responsible, right? Dig a little deeper. Sixty-eight senators, including some Democrats, gave the thumbs up, but the elephant in the room is glaringly obvious: Donald Trump's crypto dealings. Billions of dollars flow into his...
The GENIUS Act, short for Guiding and Establishing National Innovation for U.S. Stablecoins, has successfully navigated the Senate, marking a potentially transformative moment for the cryptocurrency industry, especially concerning stablecoins. That bill passed with a strong 68-30 vote. This result marks an increasing bipartisan consensus on the need to rein...
Yesterday the Senate made a huge leap forward to regulating digital assets by passing the Guiding Emerging New Initiatives and Uniform Standards (GENIUS) Act. They did so overwhelmingly, supporting a bipartisan vote of 68-30. The bipartisan bill is backed by influential allies including Cynthia Lummis, R-Wyo. Next stop, the U.S.The...
The U.S. Senate is moving closer to regulating the burgeoning stablecoin market with the "Guaranteeing National Integrity and Undermining Russian (GENIUS) Aggression Act" (GENIUS Act). A new bipartisan competition bill has been introduced, largely at the instigation of Republican Senator Bill Hagerty from Tennessee and Democrat Senator Kirsten Gillibrand from...
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...
So the US Senate really just punted on the crypto regulation playing field. Again. The GENIUS Act, which was supposed to restore a modicum of order to the stablecoin wild west, isn’t going anywhere. This is not only a question of Bitcoin bros losing their shirts. This is about Nandar,...
