South Korea is taking a dramatic leap forward in the digital finance space. They’ve introduced the Digital Asset Basic Act, allowing domestic firms to issue stablecoins. This bill, championed by the Democratic Party and under the leadership of President Lee Jae-myung, aims to create a clear and regulated framework for...
Meta's back in the stablecoin game? Seriously? After the Diem debacle, you would think they learned their lesson. Yet here they are, ready to brush off their blockchain dreams, looking to Instagram as their own crypto bank. The question can’t be just “Can they do it?” It's "Should they be...
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 US Senate has recently kicked the can down the road on stablecoin regulation. Again. While politicians bicker over the minutiae, a chilling question hangs in the air: Are we handing China the keys to the future of finance?So Ripple CEO Brad Garlinghouse is right to sound the alarm. He...
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...
You see, stablecoins, as you might imagine, a lot of times we hear about these in the lens of Wall Street and the institutional investor. Take a moment to think about the real human beings who fall victim to U.S. regulation. As a result, their lives continue to be deeply...
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...
Let's talk about something you might not think directly impacts artists in Southeast Asia: a U.S. stablecoin bill. Yes, you read that right. The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) is now advancing in the U.S. Senate. This legislation would be a monumental step towards...
The GENIUS Act. Sounds impressive, right? Guiding an Establishing National Innovation for U.S. It’s got all the buzzwords: Innovation, national, stablecoin. But beneath that shiny new initiative facade and bipartisan glow, lies something much less… genius. Don’t let big banks further entrench their stranglehold on the future of finance. This...
