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What the GENIUS Act could mean for stablecoins, crypto investors and potentially taxpayers
The GENIUS Act is a proposed bill that regulates one type of cryptocurrency called stablecoins, a $200 billion part of the multi-trillion-dollar cryptocurrency system. The bill’s name stands for Guiding and Establishing National Innovation for U.
Key Takeaways The Senate on Wednesday passed the GENIUS Act, which establishes rules for stablecoin issuers, including a ...
The GENIUS Act mandates full reserve backing for stablecoins and opens the door for banks and retailers to issue tokens under ...
Stocks of crypto trading exchanges also witnessed a rally. The largest crypto exchange in the U.S., Coinbase (Nasdaq: COIN), ...
The GENIUS Act "makes it prohibitive for non-financial public companies to become stablecoin issuers," Bernstein said, noting ...
The U.S. Senate has passed the GENIUS Act. The House is under pressure to vote on the legislation before the August recess.
In a significant feat for the cryptocurrency industry, the U.S. Senate passed the GENIUS Act on June 17 with a vote of 68-30, marking the first major digital asset regulation to pass the upper chamber ...
Hours after the US Senate passed the landmark GENIUS Act, Circle Stock CRCL has set a new all-time high in a meteoric rally ...
Ripple CEO has thanked the US Senate for passing the GENIUS Act, naming it the first major financial bill since the Dodd-Frank Act.
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