The GENIUS Act mandates full reserve backing for stablecoins and opens the door for banks and retailers to issue tokens under ...

The bill, which recently cleared a key procedural hurdle on the 19th of May, is now under intense scrutiny as lawmakers struggle with over 60 proposed amendments.

The Senate voted 68-30 late Tuesday to pass the GENIUS Act, a bill that aims to regulate some cryptocurrencies.The bill faced some Democratic opposition ...

Tether's $120 billion in US Treasuries boosts its influence in global markets, with the GENIUS Act fast-tracking stablecoin regulation in US.

Elizabeth Warren has urged closing a GENIUS Act wallet exemption, which she says may let Trump profit from stablecoins, ...

Fairshake PAC Steps Up Pressure for Clearer Crypto Rules As legislative sponsors rally to refine the GENIUS Act, the crypto industry’s political arm, Fairshake Super PAC, is ramping up pressure ...

Supporting the GENIUS Act, a crypto industry-backed bill that ostensibly regulates “stablecoins,” is a political and economic mistake. At this moment of deep political division, bold ideas to ...

The Senate voted 66–22 to advance the GENIUS Act, showing strong support from ... are missing because the bill could do more to limit political influence, protect users from abuse, and make ...

Democrats had sought to amend the bill to prohibit the president from profiting from a stablecoin venture while in office, but ended up backing down.

However, even these stablecoins continue to face scrutiny regarding ... with its strong political and institutional backing, may benefit significantly as the GENIUS Act moves forward.