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,...
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...
The Senate's failure to advance the GENIUS Act isn’t just a legislative hiccup. It's a glaring example of how fear and political maneuvering can cripple progress, potentially handing the keys to the crypto kingdom to those least deserving. Did real anti-corruption motives sink a desperately-needed bill? Or did regulatory overreach...
The stablecoin landscape is preparing for an impending tectonic shift. The GENIUS Act, championed by Sen. This bill represents a genuine attempt to establish a comprehensive, thoughtful regulatory framework for digital assets. This legislation could dramatically reshape the stablecoin market and the broader crypto industry, ushering in a new era...
The U.S. Senate is making a meaningful step toward addressing the regulation of stablecoins with the advancement of the GENIUS Act. This legislation represents a key opportunity to help set the right crypto regulatory framework to foster innovation and protect consumers. It establishes a strong global precedent on the oversight...
The news is out: Senator Dave McCormick, a Republican from Pennsylvania and a key member of the Senate Banking Committee (and its Subcommittee on Digital Assets), has invested a significant chunk of change – somewhere between $505,000 and $1.1 million – in Bitcoin through the Bitwise Bitcoin ETF. Big deal,...
