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Senate Passes GENIUS Stablecoin Act, Sends Bill to House for Consideration
18.6.2025
The U.S. Senate passed the GENIUS Stablecoin Act on June 17, 2025, marking a major step toward federal regulation of stablecoins. GENIUS Act Clears Senate, STABLE Act Clash Looms in House The bill—formally titled the Guiding and Establishing National Innovation for U.S. Stablecoins Act—establishes...
US Stablecoin bill blocked as Democrats withdraw support
8.5.2025
The Guiding and Establishing National Innovation for US Stablecoins of 2025 Act, known as the GENIUS Act, failed to pass cloture in the United States Senate on May 8, dealing a slight blow to cryptocurrency regulation in the country.The bill, sponsored by Senator Bill Hagerty and co-sponsored...
US Stablecoin bill blocked as Democrats withdraw support
8.5.2025
The Guiding and Establishing National Innovation for US Stablecoins of 2025 Act, known as the GENIUS Act, failed to pass cloture in the United States Senate on May 8, dealing a slight blow to cryptocurrency regulation in the country.The bill, sponsored by Senator Bill Hagerty and co-sponsored...
Banks push to block stablecoin legislation over market share fears
13.3.2025
Bankers and their allies in the US Senate are pushing back against the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act over fears that stablecoins will disintermediate banks and erode banking market share.According to an article from American Banker, the bill requires...
Banks push to block stablecoin legislation over market share fears
13.3.2025
Bankers and their allies in the US Senate are pushing back against the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act over fears that stablecoins will disintermediate banks and erode banking market share.According to an article from American Banker, the bill requires...
Stablecoin act gives Congress alternative to overriding Biden’s SAB 121 veto
12.6.2024
President Joe Biden’s veto of the SAB 121 repeal was a blow for the crypto community. Can the U.S. Congress override the veto with broad bipartisan support?
Navigating the waters of stablecoins: The Lummis-Gillibrand Payment Stablecoin Act
31.5.2024
In a move poised to bring significant changes to the digital currency landscape, United States Senators Kirsten Gillibrand & Cynthia Lummis have introduced a new bill aimed at regulating payment stablecoins. Known as the Lummis-Gillibrand Payment Stablecoin Act, this legislation sets...
Stablecoin Legislation Unlikely To Be Tacked To FAA Reauthorization, Democratic Aide Reveals
1.5.2024
Proposed stablecoin legislation is unlikely to be tacked onto the must-pass Federal Aviation Administration’s (FAA) reauthorization bill despite earlier reports, a Democratic aide on Capitol Hill said Tuesday. Should stablecoin legislation fail to find a must-pass bill it can merge with,...
Will A Stablecoin Bill Really Be Passed Before The U.S. Presidential Election? The DGC Policy Officer Cody Carbone Weighs In
25.4.2024
Between Representatives Cynthia Lummis and Kirsten Gillibrand’s new stablecoin bill and Congresswoman Maxine Waters’ renewed optimism in stablecoin legislation, will a new law regulating the cryptocurrencies be enacted anytime soon? The Digital Chamber's Chief Policy Officer, Cody Carbone, weighs...
S&P Global Says US Stablecoin Adoption Could Soar Following New Rules
25.4.2024
S&P Global said the recent change in rules involving the Lummis-Gillibrand Payment Stablecoin Act could see U.S. stablecoin adoption soar as the regulatory framework could bolster confidence.
The post S&P Global Says US Stablecoin Adoption Could Soar Following New Rules appeared first...
Crypto-Skeptic Senator Sherrod Brown Open To Stablecoin Legislation, Bloomberg Reports
17.4.2024
Staunch crypto-skeptic Senator Sherrod Brown (D-H) is open to passing a stablecoin bill, a Tuesday report from Bloomberg reveals. Brown's willingness to advance the legislation comes amidst news of the introduction of Representatives Cynthia Lummis (R-WY) and Kirsten Gillibrand's (D-NY)...
Lawmakers Object to Federal Reserve’s Stablecoin Guidelines — Say They Undermine Legislative Progress
29.8.2023
Several U.S. lawmakers have objected to the Federal Reserve’s stablecoin regulatory guidelines, which they believe “will undoubtedly deter financial institutions from participating in the digital asset ecosystem.” According to the lawmakers, “The Fed has chosen to effectively...
Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin
16.1.2023
A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds they would need to sell could disrupt the U.S. Treasuries market...
US Senator Introduces Bill to Regulate Payment Stablecoins
23.12.2022
A U.S. senator has introduced a bill to “establish the first federal regulatory framework for payment stablecoins.” The lawmaker explained: “This bill will also ensure the Federal Reserve, which has displayed significant skepticism about stablecoins, won’t be in a position...