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Sen. Hagerty introduces Clarity for Payment Stablecoins Act of 2024
11.10.2024
The new bill is a refinement of Rep. Patrick McHenry’s 2023 bill, which has bipartisan support
Hong Kong to Prepare Stablecoin Legislation as Public Consultation Ends
17.7.2024
Hong Kong's financial regulators published the conclusions of consultation on fiat-referenced stablecoin regulation and said they are preparing a bill to introduce into the Legislative Council later this year
Coinbase Highlights Key US Regulatory Developments Driving Crypto Prices
20.5.2024
The latest Coinbase Weekly Market Commentary, dated May 17, highlights the crucial influence of regulatory developments on U.S. cryptocurrency markets. Coinbase stated: “Macro continues to be a key driver for crypto performance, though we think upcoming major catalysts may be regulatory...
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,...
Stablecoin Legislation Must Respect the Dual-Banking System
29.4.2024
The Lummis-Gillibrand stablecoin bill subordinates state regulation to federal control, giving Washington too much power as to which entities can issue these important digital assets, say Jack Solowey and Jennifer J. Schulp at the Cato Institute
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...
Stablecoin Bill Could be Ready for the U.S. House Soon Says Top Democrat Maxine Waters: Bloomberg
25.4.2024
U.S. House Representative Maxine Waters (D-California), the top Democrat on the House Financial Services Committee, told Bloomberg Wednesday "We are on our way to getting a stablecoin bill in the short run.”
Sen. Lummis: It'll Pay to 'Choose Circle Over Tether' Under U.S. Stablecoin Proposal
18.4.2024
Circle Internet Financial would have a distinct advantage over global stablecoin leader Tether under U.S. regulations along the lines being suggested by new legislation, according to one of the latest bill's authors, Sen. Cynthia Lummis (R-Wyo.)
US stablecoin legislation sparks hope for Ripple launch
18.4.2024
The new development led to a decline of 0.40% on Wednesday, and the session was closed at $0.4953. The United States Stablecoin Legislation garnered significant investor attention from all over the globe. The losing streak of XRP lost its extension to three sessions, and American senators Cynthia...
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)...
U.S. Senators Lummis, Gillibrand Take on Stablecoin Legislation With New Bill
17.4.2024
U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) are taking another swing at crypto-specific legislation, with a narrowly tailored bill seeking to define how stablecoins – cryptocurrencies that maintain a value with some other asset, like the U.S. dollar – will operate in...
Crypto-Skeptic Sen. Sherrod Brown Is Open to Advancing Stablecoin Legislation, Bloomberg Reports
16.4.2024
UK Set To Launch New Crypto Staking And Stablecoin Legislation By July, Economic Secretary Bim Afolami Says
15.4.2024
The UK is set to introduce new crypto staking and stablecoin legislation by July, according to recent remarks by Economic Secretary Bim Afolami. Afolami previously hinted at the legislation in February as the current conservative-led government aims to introduce new regulation ahead of this year's...
UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says
15.4.2024
The country passed a landmark bill in June that laid the foundation for stablecoins and other crypto to be treated as regulated financial activities
Coinbase Legal Chief Pushes For Stablecoin Regulation
9.4.2024
Paul Grewal, the legal chief at Coinbase, encouraged the US Congress to quickly pass stablecoin legislation on April 9 in order to combat the illegal usage of cryptocurrencies. Paul Grewal's plea coincides with the Senate Banking trial on combating terrorism, illicit financing, and sanctions...
Rep. Patrick McHenry Indicates Progress on Stablecoin Legislation Before Election
21.3.2024
U.S. House Financial Services Committee Chair Rep. Patrick McHenry hints at possible advancements in stablecoin legislation, indicating potential progress before the upcoming election day.
The post Rep. Patrick McHenry Indicates Progress on Stablecoin Legislation Before Election appeared first...
Key U.S. Lawmaker McHenry Says House Has 'Workable' Stablecoin Bill
20.3.2024
U.S. Rep. Patrick McHenry (R-N.C.) said some of the recent chaos in Congress derailed crypto legislation for a while, but a stablecoin bill is largely worked out in the House of Representatives and just needs a schedule floor vote
Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress
15.2.2024
Federal Reserve Chairman Jerome Powell has provided an update to Congress members regarding the Fed’s central bank digital currency (CBDC) work. “If we’re going to have a CBDC, Congress needs to authorize it,” he stressed. Moreover, the Fed chair reportedly said that a framework...
Circle CEO Jeremy Allaire Expects US to Pass Stablecoin Legislation in 2024
16.1.2024
Circle CEO Jeremy Allaire has expressed his confidence in the United States finally passing long-awaited stablecoin legislation this year. In a recent interview with CNBC at the World Economic Forum’s annual meeting in Davos, Switzerland, Allaire said there is growing momentum in...
Despite Government Shutdown Worries, Stablecoin Legislation Pushed by McHenry
2.10.2023
The US House of Representatives’ Financial Services Committee Chair Patrick McHenry on Friday reaffirmed his commitment to regulating stablecoins, despite a potential government shutdown looming at the time.
Speaking at a forum organized by stablecoin issuer Circle in New York, McHenry stated that...