In a historic 68-30 vote, the Senate passed the GENIUS Act, establishing a federal framework for stablecoins. With bipartisan support, this legislation marks a pivotal moment for the crypto industry amidst intense political dynamics.
Bitcoin continues its unprecedented rally, hitting a new record high of over $111,000. Driven by optimism around U.S. regulation and institutional interest, the cryptocurrency’s rise defies stock market trends.
The Senate passed the GENIUS Act, aiming to regulate stablecoins and enhance consumer protection. While supporters believe it opens doors for innovation, critics warn of weak regulations and potential conflicts of interest tied to Trump.
In a surprising turn of events, the Senate has advanced the GENIUS Act, a pivotal cryptocurrency regulation bill, with bipartisan support. This legislation aims to establish the first regulatory framework for stablecoins and address key consumer protection issues.
In a surprising move, Senate Democrats have blocked a crucial bill to regulate stablecoins, citing concerns over its implications for Donald Trump's financial interests. This decision raises questions about the future of cryptocurrency regulation in the U.S. and the influence of politics on the burgeoning industry.
The OCC has granted U.S. banks the green light to store crypto assets and engage in stablecoin operations, signaling a major shift in the regulatory landscape that could boost institutional investment in digital currencies like XRP and Ethereum.
