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GENIUS Act Passes Senate — But Big Stablecoin Challenges Remain
Stablecoins are back in the spotlight after the Senate finally passed the GENIUS Act — a key milestone in creating clear rules of the road for crypto firms to follow. The bill would require issuers to fully back their stablecoins with U.S. dollars, and licensing would depend on the total market capitalization of their digital assets.
The GENIUS Act mandates full reserve backing for stablecoins and opens the door for banks and retailers to issue tokens under ...
Stablecoin market cap crossed $250 billion for the first time, signaling explosive growth. The GENIUS Act cleared its final ...
And now, Trump is rushing regulation through Congress that many Democrats fear could create his biggest conflict of interest ...
JPMorgan's JPMD stablecoin on Coinbase’s Base blockchain could transform dollar digitization, grow deposits, and attract ...
The Senate on Wednesday passed the GENIUS Act, a breakthrough for the cryptocurrency industry that could have a far-reaching ...
The U.S. Senate's passage of the GENIUS Act propelled Coinbase and Circle shares upwards, boosting stablecoin legitimacy.
Stablecoin market tops $250B as GENIUS Act fuels growth, with experts predicting a transformative "Stablecoin summer" ahead.
Cryptopolitan on MSN1h
GENIUS Act already under attack from legacy media and fintech stakeholdersThe GENIUS Act, recently passed by the US Senate, faces criticism from The New York Times and fintech leaders over its potential economic risks.
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