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Senate passes GENIUS stablecoin bill in a win for the crypto industry
In a 68-30 vote on Tuesday evening, the Senate overwhelmingly passed the GENIUS Act with bipartisan support. Eighteen Democrats joined the majority of Republicans in passing the bill, which is the first to establish a federal regulatory framework for stablecoins, crypto tokens that are pegged to the value of the US dollar.
Senate passes stablecoin bill, a major victory for the crypto world
The Senate is preparing for a final vote Tuesday on a bill that would establish the first federal framework for dollar-backed cryptocurrencies known as stablecoins, a major victory for an industry that has pushed for more favorable oversight in Washington,
Rita Liu, CEO of financial platform RD Technologies, discusses the rationale for yuan-backed stablecoin amid the growing ...
For Amazon and Walmart, this move is not simply about saving money. Creating and using their own stablecoins would allow the ...
JD.com aims to launch a global stablecoin, targeting B2B and retail use, as the US GENIUS Act clears a path for regulated ...
Cryptopolitan on MSN13h
Reports of stablecoin use in crime is overblown as 99% of 2024 activity was legalTRM Labs, the blockchain intelligence firm, has reported that 99% of all stablecoin activity in 2024 was legal and compliant ...
JPMD will offer clients round-the-clock settlement as well as the ability to pay interest to holders. It is a so-called ...
Chinese e-commerce giant JD.com says it could cut cross-border settlement costs as it plans to acquire stablecoin licenses ...
Cryptopolitan on MSN13h
$90B Chinese giant JD.com touts stablecoin plan as solution to cross-border payment delaysJD.com, the $90 billion Chinese e-commerce powerhouse, has announced an ambitious plan to reinvent how money moves across ...
While the bank has not confirmed its intent to launch a new cryptocurrency, some X users believe that “JPMD” is a reference ...
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